Here’s a quick entry over at cafe hayek that talks
about the common misunderstanding about profits of companies. There’s
this idea that transactions are a zero sum game, one of the parties is
screwed while the other benefits. This is obviously not true, both
parties benefit, even when the price is high, otherwise the transaction
would not happen at all. There’s some good reading over there, check
this article and the on gas lines in florida out…


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