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The Other Side of the Transaction

mises.org — The cashier overlooked the milk in my shopping cart, so there had to be a separate transaction to process it. I paid for it with American Express, and it suddenly occurred to me to apologize.

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  • mdlestat, on 11/14/2007, -0/+3This is a nice snapshot of the tremendous costs of doing business, and the near-absurd fact that despite the odds against them, any businesses flourish at all. With tiny profits and huge costs, it's a mark of significant achievement that capitalism still rewards the prepared and educated with successful enterprises...
  • simwrestler, on 11/15/2007, -0/+2Excellent article, as usual.
  • markyannone, on 11/15/2007, -0/+2It's a shame that more Americans do not understand that they are actually self-employed, no matter how they earn their living.

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