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Re: Economists are idiots
Economists are not stupid. We actually do take into account your argument that there is a chance you will pay any price for a cigarette. This article, however, oversimplifies economic methods into an argument that is quite shallow. The notion of utility is another simple economic analysis. If cigarettes bring you joy (and/or quitting brings ...
Posted to The Undercover Economist by sboege on May 22, 2008
Re: Do your Research
Here's some research that Rep. Peter King, (R) NY, seemed to ignore when he asserted earlier this month that smokers and Native Americans were ''funding terrorism'': ''The Unintended Consequences of Cigarette Tax Hikes'' http://www.mackinac.org/4927 This report was issued some 4-1/2 years ago, when Hezbollah and Hamas were simply buying ...
Posted to The Undercover Economist by find4more on May 17, 2008
Smokers like high prices?
Addiction is the absence of rational thought. If I were thinking rationally about cigarettes, I would be able to drop those cancer sticks without a second thought. This product is chemically engineered to keep its users physically addicted. I
Posted to The Undercover Economist by DWD72 on May 17, 2008