Unscrupulous Middlemen and Feckless Citizens
Posted in Economic Illiteracy, Price System on Jan 7th, 2008
Mayor John Barrett is “livid” over the gouging we helpless citizens endure at the greedy hands of unscrupulous middlemen. He correctly observes that soon after gasoline’s wholesale prices rise, retailers raise prices at the pump, even though all of the gasoline in their tanks was already bought at lower prices. The Mayor calls this practice […]
