Wednesday, September 18, 2019
Worth remembering
A discussion on econ twitter that is worth remembering.
Simple point: When a small business survives for a long time with no customers, or only a few customers who couldn't possibly provide enough profit, it's not a real business. It's a front for a profitable criminal business, money-laundering or tax evasion or smuggling.
I figured this out a long time ago and then forgot it.
¶ 5:24 AM 
