birdwatcher (birdwatcher) wrote,
birdwatcher
birdwatcher

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Обожаю Левайна

A pretty widespread fact of life is that if it costs you $9 to make a widget and you sell it for $10 then you make $1, and if someone else comes along and starts selling widgets for $9.50, then you have to either sell fewer widgets or sell them for less money or both, and this makes you angry, because you were making $1 per widget and now you are making less and that’s just not the American way. But it happens, often, and you probably get really mad about it and go do things like lobby Congress to ban foreign widgets or whatever. One thing that probably wouldn’t occur to you is to lobby Congress to ban change – as in coins – so that nobody could undercut you by 50 cents. This, it turns out, is because you are not creative.
http://dealbreaker.com/2012/10/if-banks-cant-overcharge-you-for-trading-how-can-they-afford-to-bring-you-more-overpriced-ipos/
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