2 thoughts on “Morons

  1. Most voters in the U.S. are clueless about economics. They are in a word “morons” when it comes to knowing how economics works. Most are under the illusion that there is a “free market.” Take the price of gasoline for example. Today, March 20, 2012, the U.S. is a net exporter of oil. We sell more oil to overseas countries than we buy from overseas countries. Now Capitalism tells us (it’s a rule) that when the supply of something is greater than the demand for something, the price goes down. So why is the price of gasoline going UP at the pump? After all we have so much oil in the U.S. that we are shipping it to other countries. Then why does the price keep going UP? It’s because the price of oil like the price of every other commodity is artificially set. In this case by OPEC. There is no “invisible hand” of the “free market” setting prices. And there never has been. Do you know what propaganda is?

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