Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Saturday, May 21, 2011
Impeach Obama NOW!
Impeach Barrack Hussein Obama NOW! He has failed to follow the law (War Powers Resolution '73) with respect to military action against Libya. ALL previous presidents abided by the law regardless of their views as to its constitutionality. http://en.wikipedia.org/wiki/War_Powers_Resolution
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?