3,000 Famous Last Words!: Quote of the Day

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Wednesday, April 30, 2008

Quote of the Day

"...if the supply of a good is more or less unresponsive to the price, the price to consumers will always rise until the quantity demanded falls to match the quantity supplied. Cut taxes, and all that happens is that the pretax price rises by the same amount." -Paul Krugman, NYT ABC Sign in to see full entry.

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