Grogmonster
You’ve just regurgitated something I learnt in year 11 Economics. When I went to university though and studied accounting in the mid eighties I quickly discovered that what I had learnt in high school economics was far from the whole picture and infact in some cases was plain wrong because of its very simplistic view of reality.
By the way there are a lot of pilots that frequent this forum that have considerable qualifications in addition to an ATPL. I suggest you think about that the next time you tell us to “get down off our high horses for just 30 seconds and apply ourselves to understanding basic business principles”. Pretty arrogant comment if you ask me from someone that quite obviously has little more than a high school economics education.
