King Rat (gkr) wrote,
King Rat

Eco 200: more Sowell B.S.

(individual) Access, read, and comment on the reading located at:

Most people realize there are trade-offs to these actions. Sowell is just bitching because people don't agree with how he judges them. And he presents some things as trade-offs which aren't. For instance, it's not a choice between caribou tranquility in Alaska and miners' lives in Pennsylvania. In fact, making oil more expensive will increase the demand for coal, allowing prices to rise and for the coal companies to afford more safety equipment. If demand dropped, there'd be more incentive to cut costs so as to profit from the coal. Safety is one way the costs could be cut.

Tags: school

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