Suppose you buy a gallon of gas for $3. How much did it cost you? You say, "Williams, that's a silly question. It cost $3." That's where you're mistaken, because there's a difference between price and cost. To prove that price and cost are not the same, consider the following. Suppose you live and work in New York City and routinely pay $15 for a haircut. Imagine you were told that there's a barber in Boise, Idaho, who can give you the identical haircut for just $5. Would you start going to the Boise barber? I'm betting you'd answer no because...
- TEMS Wednesday: Hot Air at the Fair! Ed Morrissey 37 mins ago
- Quotes of the day Allahpundit 9 hours ago
- Feds put kibosh on self-driving cars, plane sharing Mary Katharine Ham 10 hours ago
- It’s come to this: The War on Bacon is real Mary Katharine Ham 11 hours ago
- America in crisis: Should airline passengers be allowed to use “Knee Defender” to stop seats from reclining? Allahpundit 11 hours ago
- Mitt Romney: Sure, there’s a chance I’ll run again Allahpundit 12 hours ago