Station A and Station B are across the street from one another. They are both selling gas at $3.50/gallon.
A truck pulls into Station B and delivers a load of fuel. Station B raises its price to $3.75. Immediately all the traffic goes to Station A, which quickly runs out of fuel, while Station B sits empty.
Station A then takes delivery of a tank of fuel and raises its price to $4.00. Now all the traffic goes to Station B, which is still selling at $3.75.
Even socialists like you and me can see there are cases where the free market does a pretty good job of allocating resources.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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