{"id":27173,"date":"2014-08-02T11:17:40","date_gmt":"2014-08-02T16:17:40","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=27173"},"modified":"2014-08-02T11:17:40","modified_gmt":"2014-08-02T16:17:40","slug":"explaining-free-market-exchange-in-real-world-terms","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2014\/08\/02\/explaining-free-market-exchange-in-real-world-terms\/","title":{"rendered":"Explaining free market exchange in real-world terms"},"content":{"rendered":"

A lovely little bit of explanation<\/a> (that doesn’t require you to already have Econ 101 on your transcript):<\/p>\n

“What are you looking at? Oh, Craigslist<\/em>. My brother uses that all the time. Crazy, he should get a job”<\/p>\n

“What does he do”<\/p>\n

“Oh, he buys phones and stuff like that, jailbreaks them, then sells them for a lot more. He’ll buy a phone for $150 and sell it for $400.”<\/p>\n

“Sounds like he’s doing pretty well”<\/p>\n

“I suppose, but he’s always driving all over to buy stuff”<\/p>\n

“Ok. How long do you suppose it takes him to pick one up and get home? Hour and a half? How long to jailbreak it? Lets say 30 minutes, although I bet it a lot less if he has the machine or program or whatever you use. You just told me he made $250 bucks on that one phone he sold. Dude, that’s $125\/hour! That’s a pretty good income. That’s the how the free market works. People buy stuff they can sell to make money.”<\/p>\n

“I sold an old car to Crazy Rays (Crazy Rays is a pick n pull junkyard) for $500. I bet they sold 2-3 grand worth of parts off of it.”<\/p>\n

“How much work would it have been for you to part it out and sell the parts yourself?”<\/p>\n

“Too much”<\/p>\n

“And you’d rather have the $500 than your old beater, right?”<\/p>\n

“Damn straight”<\/p>\n

“See, that’s the beauty of the free market! Nobody loses!”<\/p>\n

“What do you mean”<\/p>\n

“Look, they don’t teach this in school anymore, but think about it for a sec. You hear all this crap about evil corporations and price gouging and that kind of shit. In a free market, that’s all crap. Nobody voluntarily makes a deal that’s bad for them. You’d rather have the $500 than your old car. Win. Crazy Rays would rather have your old car than the $500. Win. Who loses?”<\/p>\n

“Nobody”<\/p>\n

“Who wins?”<\/p>\n

“Both of us”<\/p>\n

“And that’s why the free market works.”<\/p>\n

*clink beers*<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

A lovely little bit of explanation (that doesn’t require you to already have Econ 101 on your transcript): “What are you looking at? Oh, Craigslist. My brother uses that all the time. Crazy, he should get a job” “What does he do” “Oh, he buys phones and stuff like that, jailbreaks them, then sells them […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,10],"tags":[320],"class_list":["post-27173","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-freetrade"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-74h","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=27173"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27173\/revisions"}],"predecessor-version":[{"id":27174,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/27173\/revisions\/27174"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=27173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=27173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=27173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}