Saturday, April 30, 2016

Economy

Idiotic Kenyan president burns 105 tons of ivory, reducing supply and making poaching ivory even more lucrative.
"Burning the ivory accomplishes the exact opposite of what their objective is. It raises the price of ivory because it reduces the supply and leaves the demand unchanged, ignoring psychological effects on buyers that may either discourage them from buying ivory or speeding up their demand for it. Selling the ivory would have depressed the price and discouraged the poaching."
This shows the terrible cost of socialists miseducating people.

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