Monday, September 1, 2008

celebrating Labor Day, but not suppliers who collude

What do you think of suppliers who collude to restrict quantity and drive up the price of that which they sell?

What do you think about those suppliers when they use government to lock out many of their competitors-- restricting opportunities for those competitors, increasing price for consumers, and restricting their choices?

Me too...

Whether it's OPEC, interest groups which pursue mandatory licensing laws (in fields as disparate as law and cosmetology), or labor unions...

Happy Labor Day!

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