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I like the part where she is cutting checks for every resident of Alaska due to the excess profits of the oil being pumped out of her state.
just wondering... what is a good "limit" when making a profit? who stipulates what that limit should be?
'casue in order to be "excess" by logic then there has to be a limit... not trying to stir the pudding or anything... just wondering.
Well, according to Deardorff's Glossary of International Economics excess profit is:
Profit of a firm over and above what provides it's owners with a normal (market equilibrium) return to capital.
Definition of market equilibrium:
Equality of quantity supplied and quantity demanded.
Definition of equilibrium:
A state of balance between offsetting forces for change, so that no change occurs.
Now if that doesn't make it as clear as mud, I don't know what will  
DEARDORFF'S
Contra todo mal, mezcal; contra todo bien, también
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