It doesn’t matter what we charge, unless others to agree to pay it.
Virtually everyone would prefer to get a higher price for what he sells and pay a lower
price for what he buys.
The history of most great American fortunes—Ford, Rockefeller, Carnegie,
etc.—suggests that the way to amass vast amounts of wealth is to figure out some way to
provide goods and services at lower prices, not higher prices.
When Richard Sears tried to overtake Montgomery Ward, he did it, not because he did
not have enough money to live on, but because he wanted more. If that is our definition
of “greed,” then he was greedy.
Realistically speaking, do keep in mind that when prices go up, it is far more likely to be
due to supply and demand than to greed.
Whatever the merits or demerits of various political proposal, what must be kept in mind when evaluating them is that the good fortunes and misfortunes of different sectors of the economy may be closely related as cause and effect - and that preventing bad effects may prevent good effects. It was not accidental that Smith Corona was losing millions of dollars on its typewriters while Dell was making millions on its computers. It was not accidental that Safeway surged to the top of the grocery business while A&P fell from its peak to virtual oblivion. The efficient allocation of scarce resources, which have alternative uses, means that some must lose their ability to use those resources in order that others can gain the ability to use them Typewriters were no longer what the public wanted after they had the option to achieve the same end result and more with computers. Scarcity implies that resources must be taken from some places, in order to go to other places.
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