Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CTOCS
See -- that's exactly the point. You did that on your own because: 1) it made good business sense in the long run, and 2) it was the right thing to do.

The author makes a very good point, though, about how scarcity brought about by emergency conditions coupled with price controls imposed by law are a recipe for disaster in one key respect: they inevitably lead to the over-consumption of resources that would otherwise be used wisely if their prices rose dramatically.

He basically laid out California's energy woes a couple of years ago in a nutshell, but in the context of a natural disaster.

69 posted on 08/17/2004 6:00:07 PM PDT by Alberta's Child ("Ego numquam pronunciare mendacium . . . sed ego sum homo indomitus")
[ Post Reply | Private Reply | To 24 | View Replies ]


To: Alberta's Child

Good point, but natural disasters are just that - disasters.

When was the last time a big one hit the "west" coast of Florida? These people looked at the actuarial tables and said, "What the hey, once every hundred years, that's acceptable to me."

While I disagree with price controls and rationing in general, in times of emergency, I think compassion should rule the day.

In our particular case, over-comsumption of resources did not occur because we ran out of resources to consume. Even if they were available, and their prices rose dramatically, the people needing those resources did not see their income rise to meet it.

CA's energy crisis was entirely man-made and greed driven. I don't think the Big "G" plans hurricanes that way.


77 posted on 08/17/2004 6:21:24 PM PDT by CTOCS (This space left intentionally blank...)
[ Post Reply | Private Reply | To 69 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson