If there is anything worse than partisan demagoguery, it is bipartisan demagoguery. Republican leaders have now joined the Democrats in blaming the oil companies for the fact that prices rise when demand expands more than supply.
...Is it rocket science that, when oil prices hit new highs, gasoline prices also hit new highs? Do you think the price of wheat could double without the price of bread going up? Would we have politicians running around spouting off about "gouging" by Big Wheat?
...Prices are a symptom of an underlying reality. Politicians can seize on the symptom and even pass laws dealing with it, without changing the underlying reality.
Prices are like a thermometer reading. When someone has a fever, it is not going to do any good to put the thermometer in ice water to bring down the reading. If you think the fever is gone, it may not be long before the patient is gone, if you don't do something about what is causing the fever.
Nailed It!
This ping list is not author-specific for articles I'd like to share. Some for the perfect moral clarity, some for provocative thoughts; or simply interesting articles I'd hate to miss myself. (I don't have to agree with the author all 100% to feel the need to share an article.) I will try not to abuse the ping list and not to annoy you too much, but on some days there is more of the good stuff that is worthy of attention. You can see the list of articles I pinged to lately on my page.
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Short, concise, logical, easy to understand . . . liberals will never get it.
Thanks for posting.
The federal excise tax on a gallon of gas is about 19 cents per gallon. In Texas our tax per gallon is 38.4 cents per gallon. In places like California and New York, it exceeds 60 cents per gallon.
I wouldn't mind so badly if we knew what was being done with that money and was it being used to fund programs to end our dependence on foreign gas and develop gas refineries and drilling in this country, but it's not, I can almost guarantee you. It's probably used for social programs for people who won't get off their duffs and help themselves.
Not just for reading, but for reference purposes as well.
The chapter in Applied Economics on Free and Unfree Labor has more facts about slavery that run counter to the conventional wisdom than I've ever read in one place.
I have to call the man a genius because there's not a more superlative word.
He is a true Renaissance man in times when Renaissance men are practically nonexistent.
Dr. Sowell * PING *
Isn't it amazing how politicians can blame everyone but them selves.
I have lone thought that the House and senate were composed of nothing but empty headed poseurs who couldn't find their ass with both hands and scenarios like this bring 'em right out of the woodwork.
mark
Instead of Congressional hearings members of Congress should be compelled to take classes in basic economics and the US Constitution taught by professors like Dr. Sowell and their grades made public record.
As usual Thomas Sowell is exactly correct.
I'm guessing it would be relatively flat.
If our pubbies had even the slightest clue, they would run ads from now through the elections, of Dimocrats calling for higher gas prices and higher gas taxes. They have REAMS of material to use!!!
What's worse than Democrat Schumers? Two parties of Schumers.
On my dying day, it will be my wish that the Capitol city of CA will someday have to eat the crow that it was a monument to stupidity to close down Rancho Seco as well as work so hard with the Democratic President and the Democratic controlled CONgress in 1977 to stop the Auburn Dam and Reservoir on the American River.
This was another tragic error by Jimmy Carter, Jerry Brown, the Sierra flub, the selfish whitewater rafting corporate communutty that did it despite the fact that their South Fork would never be effected by said dam and reservoir!!!