re: Kamala Harris and “Inhumane” Prices
January 30, 2019
Kamala Harris, who wants to be Commander-in-Chief of the World, has announced that prices and markets are “inhumane.” This idiocy reminded me of something an economics student of mine said last year. This was a sophomore in college who had been through thirteen years of Catholic School education. After a few weeks of my microeconomics class he expressed his surprise at what he had learned about how markets actually work because, paraphrasing, he said: “I had always been taught that business people were immoral because they profit from peoples’ needs.” This is the kind of moronic, communistic nonsense that school children are often indoctrinated with, especially in Catholic schools.
Dr. Thomas DiLorenzo [send him mail] is president of the Mises Institute. He is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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