Demand Curves Slope Downward, Except in Politics
Submitted by CARPE DIEM
How is it that everyone complaining about high gas prices can see this simple relationship:
increased gas prices = people buy less gas [corollary: people buy more fuel efficient cars]
but they cannot see these relationships:
increased minimum wage = people buy less minimum wage labor
increased business taxes = less business
increased capital gains taxes = less capital
~Comment from Bob Wright on this CD post
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