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LA Times Demonstrates Liberals Cluelessness About Basic Economics

Jerry555 Wrote: Dec 13, 2012 7:40 PM
CAP Center for American Progress, Communist Org, owned by George Soros AP Reuters ABC CBS NBC CNN MSLSD NY Slimes LA Slimes and all the slime in between Liberal Media Should be defunded. The Politicians have put in place laws, so that monthly payments to cable or satellite 'packages' help fund the 'terrorist' Propaganda GARBAGE spewed on the OUTLETS listed above.

There are a few irrefutable laws of basic economics that are understood by practically everyone. When the price of a good rises, people will buy less of it. This is common knowledge to anyone who has bought anything ever. There is also the law of unintended consequences which states that actions, laws, and policies often have secondary effects that differ from the original actions intentions. We have seen this inevitably played out in most laws passed by Congress. Both of these ideas have been around for thousands of years and the father of economics, Adam Smith, articulated them himself...