Saturday, July 21, 2007

A Basic Economic Principle

Every once in a while,
basic economic principles
are important to remember.

For example...

You price everything you own
above fair market value.

That's why you still own it.

The economy depends on
disagreement over value.

You sell when the money is
worth more than the thing.

The other guy buys when the thing
has more value than the money.

A "disagreement" that produces
a profit for both sides!

The reason you want economic activity
is not to keep people busy and off
the streets...

But, that every voluntary trade
increases the wealth of both sides...

...And so increases the standard
of living of the nation.

The more activity, the higher
the standard of living.

It's magic...

And it all comes from a
"disagreement" over value.

Mike Stokes
Baton Rouge, LA

Magnetic Sponsoring is a book that's
worth WAY MORE than the price.

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