3 ms·
Middlemen, driving up costs for everyone for the last 2000 years.
by quattrofan 13y ago
Middlemen, driving up costs for everyone for the last 2000 years.
- rgbrenner 13y agoMunger on Middlemen " ... about the often-vilified middleman--someone who buys cheap, sells dear and does nothing to improve the product. Munger explains the economic function of arbitrage using a classic article about how prices emerged in a POW camp during World War II. " http://www.econtalk.org/archives/2008/10/munger_on_middl.html http://www.econtalk.org/archives/2008/10/munger_on_middl.htm...