SmartMoney Mispeaks

In this post, I am not referring to "smart money" as hedge funds or insiders. Rather, I'm referring to SmartMoney, the magazine. It is a decent publication which seems to straddle the line between sophisticated advice and commentary versus making it palatable, interesting and useful for laymen. It is also a Dow Jones publication and shares some writers with the Wall Street Journal, TLRB's official paper of record. I like to keep on top of what the public reads and hears about financial matters plus it offers one more source of ideas from time to time.

Free markets and financial literacy

In a free market, individuals are supposed to patronize companies that provide a fair product at a fair price (value). Produce what the market needs and you have a viable business. Fail to deliver what the market demands and your business is toast. After all, if you bought tire brand A and the tires blew up, you would stop buying them right? Tire brand B would take market share by offering a better product at a price deemed worthy and put tire brand A out of business. Nothing terribly inciteful about that, just common sense right? The result is increased competition to satisfy consumers and healthier businesses.