"I've not blogged on this issue yet because, frankly, I've nothing new or interesting to say. The case for price controls, for government-mandated non-price rationing, and for a tax on so-called 'windfall profits' is so lame, so utterly gossamer, that pointing out its flaws seems to be an exercise in stating the obvious."Yes, an economist might think that. Too bad most of the media and politicians seem so obviously in need of a refresher course in Econ 101.
Tuesday, April 25, 2006