Thread: Luggage fees!
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Old 06-15-2008, 05:16 PM
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Default Economics 101

For what it's worth, here is a little truth from someone who has studied economics a little. I suspect most people recognize it in their sober moments but avoid it because there is no short, quick answer. It is kind of like the folks who show up here, admit they are starting from total ignorance about web sites, and want to be earning a full time living by next week.

Only if we face the truth and start some serious work on alternative sources of energy will we ever see any light at the end of the tunnel, and it will take some time. Oil is a commodity. We in America have been buying most of it for years. Many countries are developing economically fast, India and China to name just two. There are more. Now they want the same living standard we do, including cars.

Commodities, like oil, sell on an open market. It is like an auction. Whoever pays the most gets it. Futures investing and the like stimulate temporary unreasonable distortions but even that doesn't change the overall truth. There is no stopping it.

There is no use getting mad at people for selling it at rates we don't like, either. If two people asked you to design a web site for you and one says they will pay $100 while a second says they will pay $500 for the same work should people get mad at you for taking the higher paying job?

No matter whether we like it or not, the only reasonable thing to do is to accept the facts, then plan how we will deal with the reality that is, not the one we wish for.
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James
Douglas County Master Gardeners
"We don't always get what we want, but we always get what we expect."
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