So you buy it. I made one dollar in profit, and you bought a chance at a fortune for only two dollars
Tony Blankley, like most Republicans, thinks that's "the free market at work." He thinks we just "created wealth."
Yes. But only for me. In a few days, you will almost certainly be stuck with a worthless slip of paper. Sure I doubled my money, but how many times will I be able to run this scam on you before you're fed up? And if I'm running this game to the tune of a hundred or a thousand tickets a week, won't I eventually run out of suckers?
Regulation of the financial industry doesn't hobble businesses, it protects them. From themselves.
Wednesday, July 08, 2009
Let's say you play the same numbers every week in the Lotto. So I buy a ticket with your numbers for one dollar, then offer it to you for two dollars. After all, by next week it could be worth millions.
at 7:38 PM