Herb Kohl & NYT Don't Understand Economics - Texting Story »
Posted By speedmaster 11 months, 4 weeks ago in Business & FinanceHerb Kohl is, in addition to being a Senator from Wisconsin, the owner of the Milwaukee Bucks NBA team. His Wikipedia bio also claims that he has an MBA from Harvard University.
Given that background I find it hard to believe that Kohl doesn't understand that prices are determined by supply and demand, not costs.
Read Full Story at nytimes.com »
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