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Posted by Bill on October 17, 2009, 12:31 am
>>> Insurers dropping Chinese drywall policies
>>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
>>> Press Writer
>>> Thu Oct 15, 2:10 pm ET
>> American Capitalism at its finest.
>> Buy the cheapest crap you can and charge the most you can for max profit.
>> Make sure it is not made in the USA where oversight and living wages
>> reduce your profit margin.
> Don't just blame the businesses. They sell what people will buy. Just
> watch your neighbors shop for the lowest possible price on appliances,
> cars, home goods, etc. They will buy the China stuff to save $5 even if
> their mother works for the US appliance maker and will get laid off from
> lack of sales. . Why pay $129 for that color TV when I can get it for
> $119? I'm a smart shopper, right?
Don't blame the buyers or the sellers--just recognize that (economic)
incentives matter
and the confusion will disappear. Economic incentives, of course, include
more than
pecuniary ones.
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Posted by on October 17, 2009, 3:51 am
> >>> Insurers dropping Chinese drywall policies
> >>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
> >>> Press Writer
> >>> Thu Oct 15, 2:10 pm ET
> >> American Capitalism at its finest.
> >> Buy the cheapest crap you can and charge the most you can for max prof=
it.
> >> Make sure it is not made in the USA where oversight and living wages
> >> reduce your profit margin.
> > Don't just blame the businesses. =A0They sell what people will buy. Jus=
t
> > watch your neighbors shop for the lowest possible price on appliances,
> > cars, home goods, etc. =A0They will buy the China stuff to save $5 even=
if
> > their mother works for the US appliance maker and will get laid off fro=
m
> > lack of sales. . Why pay $129 for that color TV when I can get it for
> > $119? =A0I'm a smart shopper, right?
> Don't blame the buyers or the sellers--just recognize that (economic)
> incentives matter
> and the confusion will disappear. =A0Economic incentives, of course, incl=
ude
> more than
> pecuniary ones.- Hide quoted text -
> - Show quoted text -
Well said. I wish basic economics would be required in high
school. Then people might understand how markets work.
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Posted by Bill on October 17, 2009, 6:12 am
> >>> Insurers dropping Chinese drywall policies
> >>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
> >>> Press Writer
> >>> Thu Oct 15, 2:10 pm ET
> >> American Capitalism at its finest.
> >> Buy the cheapest crap you can and charge the most you can for max
> >> profit.
> >> Make sure it is not made in the USA where oversight and living wages
> >> reduce your profit margin.
> > Don't just blame the businesses. They sell what people will buy. Just
> > watch your neighbors shop for the lowest possible price on appliances,
> > cars, home goods, etc. They will buy the China stuff to save $5 even if
> > their mother works for the US appliance maker and will get laid off from
> > lack of sales. . Why pay $129 for that color TV when I can get it for
> > $119? I'm a smart shopper, right?
> Don't blame the buyers or the sellers--just recognize that (economic)
> incentives matter
> and the confusion will disappear. Economic incentives, of course, include
> more than
> pecuniary ones.- Hide quoted text -
> - Show quoted text -
Well said. I wish basic economics would be required in high
school. Then people might understand how markets work.
Thanks, I was worried somebody would give me a bad time about it.
Back to woodworking posts for me.
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Posted by Too_Many_Tools on October 17, 2009, 7:28 pm
On Oct 17, 2:51=A0am, trad...@optonline.net wrote:
> > >>> Insurers dropping Chinese drywall policies
> > >>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
> > >>> Press Writer
> > >>> Thu Oct 15, 2:10 pm ET
> > >> American Capitalism at its finest.
> > >> Buy the cheapest crap you can and charge the most you can for max pr=
ofit.
> > >> Make sure it is not made in the USA where oversight and living wages
> > >> reduce your profit margin.
> > > Don't just blame the businesses. =A0They sell what people will buy. J=
ust
> > > watch your neighbors shop for the lowest possible price on appliances=
,
> > > cars, home goods, etc. =A0They will buy the China stuff to save $5 ev=
en if
> > > their mother works for the US appliance maker and will get laid off f=
rom
> > > lack of sales. . Why pay $129 for that color TV when I can get it for
> > > $119? =A0I'm a smart shopper, right?
> > Don't blame the buyers or the sellers--just recognize that (economic)
> > incentives matter
> > and the confusion will disappear. =A0Economic incentives, of course, in=
clude
> > more than
> > pecuniary ones.- Hide quoted text -
> > - Show quoted text -
> Well said. =A0 I wish basic economics would be required in high
> school. =A0 =A0Then people might =A0understand how markets work.- Hide qu=
oted text -
> - Show quoted text -
It should be.
TMT
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Posted by Ignoramus15879 on October 17, 2009, 12:50 am
>>> Insurers dropping Chinese drywall policies
>>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
>>> Press Writer
>>> Thu Oct 15, 2:10 pm ET
>> American Capitalism at its finest.
>> Buy the cheapest crap you can and charge the most you can for max profit.
>> Make sure it is not made in the USA where oversight and living wages
>> reduce your profit margin.
> Don't just blame the businesses. They sell what people will buy. Just watch
> your neighbors shop for the lowest possible price on appliances, cars, home
> goods, etc. They will buy the China stuff to save $5 even if their mother
> works for the US appliance maker and will get laid off from lack of sales.
> . Why pay $129 for that color TV when I can get it for $119? I'm a smart
> shopper, right?
It would appear that in this instance, home buyers
1) Had no clue that bad drywall could exist
2) Had no means to check what the builders installed
3) Were deceived by home builders, who likely knew everything but
chose not to inform buyers.
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>>> By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
>>> Press Writer
>>> Thu Oct 15, 2:10 pm ET