Archive for April 23rd, 2008
Economics Lesson About Gas Prices
April 23rd, 2008
The Ludwig von Mises Institute has an excellent article called Economics 101: The Price of Gas that everyone should read. It explains how much of the price of each gallon of gas goes to those “greedy” oil companies, how much goes to our wonderful, benevolent, altruistic government, and how prices have changed since the 1950′s. It also compares prices in other industries with a critical statistic, called the profit margin. Go read the article, now.
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