"We hang the petty thieves and appoint the great ones to public office." – Aesop

TWC’s Econ 101 lesson

One of our peeps, The Wine Commonsewer, provides us with a lesson in free market economies. It’s explained so clearly that even those edumacated in government schools can follow along without the aid of crayon-drawn visual aids.

In a free market economy those who make bad economic decisions fail.

Failure and correction is what keeps a market economy on a relatively even keel.

Read the entire post here

2 comments ↓

#1 The Wine Commonsewer on 03.22.08 at 4:48 pm

Thanks for the link, boys. I get so many spam links that I didn’t see yours for a day or so (438 in the last 30 days). Sorry.

I appreciate it.

Happy Easter!

#2 Hank Dagny on 03.23.08 at 10:06 am

Even if you do not need a crayon, it may not be enough for the folks who frequent Ann Arbor, MI.

Leave a Comment