Much of the audience consisted of Washington journalists, members of the staffs of congressional committees, and others with similar jobs. They displayed little interest in the findings of the study, but a great deal of interest in discovering who had financed the study. Many seemed to have been convinced that the Law and Economics program at the University of Chicago had been bought by the gas industry. A large part of the audience seemed to live in a simple world in which anyone who thought prices should rise under certain circumstances was pro industry, and anyone who wanted prices to be reduced was pro consumer. I could have explained that the essence of Kitch's argument had been put forth earlier be Adam Smith, but most of the people in the audience would have assumed that Adam Smith was someone else in the pay of the American Gas Association.
Excellent story. Where did you get it?
It captures the liberal/progressive mind perfectly. That’s what we are up against in the media: English majors.