This reminds me of when I was very young, and gasoline sold for about 25 cents per gallon. “Gas wars” would be undertaken about once a year, with prices sometimes falling to as low as 10 cents a gallon. My father told me that gas wars were very harmful, and I kept arguing with him, telling him that I didn’t see how being able to buy gasoline at a lower price could be harmful. “You’re too young to understand such things,” I was told. I guess I am still “too young,” although, in thinking back upon this years later, I … Continue reading More perspectives on prices