Saturday, October 4, 2008

You ain't seen nothing yet

In times of gasoline shortages, such as the one caused by Hurricane Ike, in some states, long lines of cars form at the few stations that from time-to-time have it. They are sold out in a matter of hours. These long lines are a direct result of governments' prevention of so-called price gouging. (There is no such thing as price gouging in a free market.) If the states simply got out of the way of the free market and allowed the price of gas to be determined at the intersection of supply and demand, gas would be readily available. Sure, the price would go up, but under current conditions, many motorist are left out in the cold - stranded, if you will. If price regulations were eliminated and the market price allowed to find its level, smart driving would be encouraged. There would be more car-pooling. More motorists would eliminate frivolous driving and make every trip count. Hoarding (topping off) would be unnecessary.Admittedly, this new situation would enlarge the expense of driving, but that's life where freedom should be the most precious commodity.Query: will the American people ever again, as they once did, resist the encroachment on their freedoms and stop letting things slide so that their petty desires and inconveniences are theoretically satisfied? The word "theoretically" is used since, in terms of the future, "You ain't seen nothing yet."

1 comment:

Anonymous said...

I'm praying the price of gasoline climbs to 20.00/gal. Maybe then I'll be able to see the mountains again.