Vern
05-02-2007, 01:59 PM
Just an interesting quote that got me thinking of the UIGEA. The topic was on gun control from an economist's PoV, but I liked this paragraph:
[ QUOTE ]
Economists recognize the relationship between means and ends, including the role played by substitutes. Economists understand that when government restricts one market, consumers merely move into another market, and when government tries to foreclose one means, individuals will simply shift into other means to achieve the same ends.
[/ QUOTE ]
The full article can be found HERE (http://www.mises.org/story/2562)
[ QUOTE ]
Economists recognize the relationship between means and ends, including the role played by substitutes. Economists understand that when government restricts one market, consumers merely move into another market, and when government tries to foreclose one means, individuals will simply shift into other means to achieve the same ends.
[/ QUOTE ]
The full article can be found HERE (http://www.mises.org/story/2562)