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I've been hearing the phrase "late capitalism" for so long that I'm forced to conclude that the very concept of late cap...
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It is surely true that the price level cannot rise without a corresponding increase in the quantity of money or velocity or use of credit. ...
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As I write this it is mid-October in an even-numbered year. Elections are weeks away. Yesterday, I saw Republican candidates heavily adver...
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Went to Harbor Freight the other day. When I left, there was so much traffic I had to fight my way out of the parking lot -- at one p.m. on ... -
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio...
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Today I'm looking up spindle assemblies for my mower, and Amazon has a note:
"Note: Available at a lower price from other sellers that may not offer free Prime shipping."
The Big Lie that works for Amazon seems to be "free shipping". Somehow, it doesn't bother my wife at all that the price of the product is $10 higher at amazon. "But the shipping is FREE!" she tells me.
She doesn't want to shop anywhere else.
It came up again this past weekend, two years after my comment above. "The shipping isn't free at Amazon," I said. "They just raise the price of what you're buying to cover the shipping!"
"No they don't," the wife insisted.
So it goes.
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