Now, I realize that all of you may not have been able to go to big, fancy Ivy League schools and hang out at parties like me,but if you had, you would have learned a few things about ecconomics. Here is what is wrong with the window fallacy.
Envious and frightened of how is competitor windowman was able to come back from the famed vandal incident, Joe Otherland decides he needs to do something to get rid of the competition. He gets help from Othergov to subsidize his windows so he can sell them cheaper than window man. Initially, the super-smart slashdot reading fridgeman is in heaven. Cheap windows brought to you by Otherland, the fools. Eventually, windowman, who was rich, realizes he is not richer than the whole of Otherland, so he cuts his loses and closes the store. Soon, there is no competition for Windows, and the prices go up in the way monopolies tend to. Worse than that, Fridgeman has a problem. It turns out that Windowman was a big buyer of Fridges. Now, he has no revenue, and closes shop which is really bad for sandwhichman, whose number one customer is Frdigeman.... And so on until no one has any money except those living in Otherland. But, hey, it is all ok since we got cheap windows for a while, right?
People are not smart. Things are never and issue until they happen to you. Then it is too late.
My two cents
The Pres
This idea has cropped up a few times in this discussion. But as some great philosophemizzer once written, "TWO WRONGS DO NOT MAKE A RIGHT."
Hey, it is a big government of a big nation. Sometimes we get it wrong for a while, but in general try to fix it. Just because we are wrong in one case, doesn't mean we are in all case, let alone allow others to be wrong. The solution is not propogate the error, but to fix them.
my two cents,
The Pres
Slashdot Mirror
Now, I realize that all of you may not have been able to go to big, fancy Ivy League schools and hang out at parties like me,but if you had, you would have learned a few things about ecconomics. Here is what is wrong with the window fallacy.
Envious and frightened of how is competitor windowman was able to come back from the famed vandal incident, Joe Otherland decides he needs to do something to get rid of the competition. He gets help from Othergov to subsidize his windows so he can sell them cheaper than window man. Initially, the super-smart slashdot reading fridgeman is in heaven. Cheap windows brought to you by Otherland, the fools. Eventually, windowman, who was rich, realizes he is not richer than the whole of Otherland, so he cuts his loses and closes the store. Soon, there is no competition for Windows, and the prices go up in the way monopolies tend to. Worse than that, Fridgeman has a problem. It turns out that Windowman was a big buyer of Fridges. Now, he has no revenue, and closes shop which is really bad for sandwhichman, whose number one customer is Frdigeman.... And so on until no one has any money except those living in Otherland. But, hey, it is all ok since we got cheap windows for a while, right?
People are not smart. Things are never and issue until they happen to you. Then it is too late.
My two cents
The Pres
This idea has cropped up a few times in this discussion. But as some great philosophemizzer once written, "TWO WRONGS DO NOT MAKE A RIGHT."
Hey, it is a big government of a big nation. Sometimes we get it wrong for a while, but in general try to fix it. Just because we are wrong in one case, doesn't mean we are in all case, let alone allow others to be wrong. The solution is not propogate the error, but to fix them.
my two cents,
The Pres