[efxhoy]

Yes, exactly right and well put.

It's always difficult to jump into online discussions about economics because you need to give the entire econ 101 micro course in single comment just to make sure everyone is talking about the same thing.

[tprice7]

Fair enough. I had a much more verbose comment earlier and it took me a second attempt to get it more concise while still conveying the essential point. The Blaise Pascal quote comes to mind, "I would have written a shorter letter, but I did not have the time."