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LA Times Demonstrates Liberals Cluelessness About Basic Economics

Kjell Magne Wrote: Dec 14, 2012 11:45 AM
In the house where I grew up burgers and pizza was something served perhaps 1-2 days a month. We had fish for dinner at least 3 times a week, the year around. Salads and boiled potatoes were standard supplements.There were always fresh fruit available for "snack" between meals. Bread was whole wheat and home made. Lunch was something my mother packed every day. Two slices of homemade bread, cheese, one apple and milk/orange juice. And we ate everything she served without a winze. Why? Cause children are like dogs. When they get hungry enough, they will eat what they get. The end result from our diet was healthy bodies and a lifelong taste for home-made cooking and non-greasy dinners.

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...