Thursday, April 27, 2006

Gas: Markets or Politics?

Don Boudreaux on gasoline:
"I love this market process. People such as me -- people who lack even a whiff of creativity, people who are terribly risk-averse, people who lazily prefer to read novels and work at secure jobs and spend our evenings at home dining and drinking with family and friends -- just sit back and wait for profit-hungry hard-working anxiety-ridden creative entrepreneurs, each in competition with others, to find new ways to improve our lives. And we don't even have to accept what they devise. If we like it, we buy it. If not, we don't buy it."
I think you should read his entire post. I just wish our fearless political leaders understood the economy as Professor Boudreaux does.

No comments: