The Missed Debate Over ‘Price-Gouging’
Investor’s Business Daily recently ran an interesting editorial on the price-gouging legislation before Congress. The following is an excerpt: To an economist, there’s no such thing as “gouging” in a market that is free and efficient, and the...Gasoline at 10 Cents a Gallon and Falling
Does gasoline at 10 cents a gallon and falling sound impossible in today’s world?
The Economics of Caring vs. Uncaring
George Orwell admonished, “Sometimes the first duty of intelligent men is the restatement of the obvious.” That’s what I want to do — talk about the obvious, starting with the question: What human motivation leads to the most wonderful things...Thinking About Gas Prices
Amid all the hysteria among politicians and in the media over rising gasoline prices, and all the outraged indignation about oil company profits and their executives’ high pay and lavish perks, has anybody bothered to even estimate how much effect any of this...Tabloid TV “Justice”
Whether Zacarias Moussaoui received the death penalty or life imprisonment was never a big issue for me. What was appalling, however, was the way the penalty phase of his trial was conducted. First, there was the parade of witnesses, including former New York Mayor...“Price Gouging” and The Price of Oil
Since 1976, because of environmental regulations, not a single additional oil refinery has been constructed in the United States.
