This blog is a random collection of information, partly in support of my quotations web site. Other topics include wine, military news, economics, history, libertarianism, and other random things which happen to strike my fancy. Backup site is at http://quotulatiousness.blogspot.com/ (if there are no posts showing, hit the backup blog for explanation). Comments have been turned off, as the spam was getting too much to handle. Comments can be emailed to me for posting.

February 28, 2006

Economics joke

From Radley Balko's Agitator last year:

Three guys are in a jail cell. They start to talking and find out that they're all gas station owners.

The first one says, "I set my prices at a couple of cents higher than my competitors. I'm in here for price-gouging."

The second one says "I set my prices at a couple of cents lower than my competitors. I'm in here for predatory practices."

The third one says "I set my prices at the same price as my competitors. I'm in here for collusion!"

As Radley says in his wrap up: "It's funny 'cause it's true."

Posted by Nicholas at February 28, 2006 01:48 PM
Comments


Visitors since 17 August, 2004