Tag Archives: Edina

“If we all banded together, we could put Zillow and Trulia out of business”

chevronBack when gas prices skyrocketed, I started getting a chain letter from angry friends who weren’t going to take it anymore; you know the one. It said that all we have to do is ban together and not buy gas on the same day. This would bring big oil to their knees.

We all know that free markets don’t work that way. Even if you could get everyone to not buy gas on one day, gas companies would simply lower the price just a little bit. By the next day, people would break ranks to take advantage of the savings. The embargo would crumble. This is the sort of economic lesson we all learned in junior high.

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