The stifling effect of taxation. Suppose you buy a gallon of gas for $3. How much did it cost you? You
say, "Williams, that's a silly question. It cost $3." That's where
you're mistaken, because there's a difference between price and cost. To
prove that price and cost are not the same, consider the following.
Suppose you live and work in New York ... MOREWalter E Williams: Price Versus Cost
The stifling effect of taxation. Suppose you buy a gallon of gas for $3. How much did it cost you? You
say, "Williams, that's a silly question. It cost $3." That's where
you're mistaken, because there's a difference between price and cost. To
prove that price and cost are not the same, consider the following.
Suppose you live and work in New York ... MORE