Comments on: SAY IT AIN’T SO!

By: And in other news, Generalissimo Francisco Franco is still dead. « Trying Liberty

Fri, 20 Jun 2008 13:46:46 +0000

[...] are gas prices, jobs, the economy and health care. As Hannah mentioned yesterday, the governor is already working on the first one. The survey doesn’t distinguish between dissatisfaction over legislative overaction vs. [...]

By: jsrule

jsrule — Thu, 19 Jun 2008 20:44:13 +0000

Another pretty frightening development in the world of government price regulation and price fixing just took place in Mexico. The Mexican President announced a plan to fix the prices of 150 staple foods in Mexico. The effort is aimed at keeping food affordable, but I fear it will only weaken the entire country. Price controls have been attempted before in Latin America, and they do not work well.

If anyone is interested in looking more deeply into the argument against price controls, Henry Hazlitt’s Economics in One Lesson has a great chapter on the subject. Read it here: http://www.fee.org/library/books/economics.asp#Chapter%20Seventeen

By: lmruhland

lmruhland — Thu, 19 Jun 2008 18:01:13 +0000

My mom’s best friend works at a gas station. One of her regular customers is an older man who is convinced that gas prices rise and fall at the direct decree of President Bush and his oil cronies, who must personally call gas stations and make them hike it up. This particular view is obviously crazy, but there are a lot of people who believe some more subtle manifestation of it. Apparently, Governor Granholm is one of them.

The no-subpoena loophole is particularly chilling.