J-School, not B-School, Graduates

Maggie Rodriguez of is co- anchor of the CBS Early Show on Saturday. She is a newsreader, not an economist, or business person or a deep thinker.

Why?

After reporting that the decline in the price of oil is causing a decline in the price of gasoline at the pump but the drop in the price of oil was not causing a corresponding dropo in the price of food, she observed that the law of Supply and Demand should not determine the price of food in the market - here's her quote:

"But this is not affecting grocery bills, Chris, and that's because as long as there is demand, these grocers, they price their products based on that and not what they should be pricing them on."


Maggie, Maggie, Maggie. You need to think like an entrepeneur and not someone who reads copy. If you thonk that the prices being charged are unfair (too high), then there is opportunity to deliver a good service at a fair price and make some money for yourself or the charity of your choice. I suggest that Maggie should take some of that lucrative salary and invest in a grocery store. Put your ideas to the test. Charge lower prices and corner the market - put those greedy business owners out of business.

Also, to prove your moral superiority, I suggest that you not sell certain items for the good of the public:
cigarettes,
beer,
wine,
fatty foods,
lottery tickets,
anything forbidden by any religion.

Show the rest of us how its done.