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re: EBC Book #1 - Economics in One Lesson by Henry Hazlitt
Posted on 6/23/17 at 8:24 am to RedStickBR
Posted on 6/23/17 at 8:24 am to RedStickBR
quote:
A very salient point is made in the fourth section of Ch. 14 on "Saving the X Industry."
Great quote. I love drinking craft beer, and this speaks to that industry so well. Its so heavily regulated so that craft breweries don't take over the market. We have to have distributors, we have to have liquor stores, we have to have bars, everyone has to get their share of the profits created by the increase in demand for craft beer... Why? Let the market dictate which of those should die and which of them should prosper. I still think they all add value and would be used by smart brewery owners.
Posted on 6/23/17 at 3:02 pm to GeauxPack81
I was aware of the three-tier system but didn't know that was actually a federal thing and not just a state-by-state thing. Wikipedia suggests Washington state's system has been privatized - perhaps CA is next?
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