Wednesday, May 10, 2006

Sowell, Williams and Stossel are kickin' butt

at the Townhall site today.

Williams: "Don't get me wrong. I'm not arguing that self-interest and the free market system produce perfect outcomes, but they're the closest we'll come to perfection here on Earth."

Sowell: "Many, if not most, of the great American fortunes -- Rockefeller, Carnegie, Ford -- have been made by finding ways to charge lower prices, not higher.

"In the early 20th century, the A & P grocery chain became renowned for both its low prices and its high quality. Its profit rate never fell below 20 percent during the decade of the 1920s. That's a higher rate of profit than the oil companies make."

Stossel: "If one-tenth of what the reporters suggested was happening did happen, there would be mass death. The opposite is true: Despite exposure to radiation and all those nasty new chemicals, Americans today live longer than ever."

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