4.27.2006

THIS IS THE DUMBEST, MOST ECONOMICALY UNSOUND POLICY I THINK I’VE EVER SEEN SINCE CARTER.

What happens when you reduce the cost of a commodity? Demand goes up. What happens when demand goes up? Prices rise. This $100 will achieve absolutely nothing for consumers and will achieve nothing other than cause a brief blip in oil company's revenues. For once can these idiots just stop meddling and let the market do it's job?

3 comments:

Joe said...

We need to make the stuff more expensive, not less.

Here's a good quote on externalities. "Socialism collapsed because it did not allow prices to tell the economic truth. Capitalism may collapse because it does not allow prices to tell the ecological truth."

Andrew said...

I don’t know about that quote. I I obviously agree with the first part but “Ecological Truth” strikes me as kind of tenured activist speak. The only reason we can give a crap about the “Ecological Truth” is because capitalism has made the western world so immensely wealthy we can worry about things that really don’t affect us directly. This retarded $100 payout is perfect example of how the same anti-market, populist impulses behind socialism/progressivism are actually a far greater threat to the environment despite their branding to the contrary.

Andrew said...

Looks like they took their stupid pills, finally.