Showing posts with label supply. Show all posts
Showing posts with label supply. Show all posts

Barry Farber: Every Gun Control Argument Is Nonsense

The answer is more bullets 'going the other way.'   It’s likely you and I disagree over gun control a lot more than you think we do. This argument cuts a lot deeper than any “fiscal cliff,” Middle East, taxing the rich or any of the so-called hot controversies. I realized that in early January of 1959 in Havana, Cuba, which was lawless as of New     ... MORE

Why Minimum Wage Laws Hurt, Not Help, Employees

by James Street.   I began working at the ripe old age of 15. I refereed paintball on the weekends. And it sucked. It was hot, stinky, I wasn't a big fan of most of my fellow employees, my boss was a jerk, and I got paid $6 an hour. I only worked 12 hours a week or so, and being a single teenager, Uncle Sam raped me royally on taxes. One would think that such a ... MORE

Art Carden: Price Gouging In A Picture

What can we say about price gouging?     In open defiance of what everyone learns in an introductory economics class about the laws of supply and demand, politicians in New York and New Jersey (and elsewhere, no doubt) are vigorously enforcing their laws against “price gouging” and implementing alternative rationing mechanisms like even-odd    ... MORE

James Stacey Taylor: In Defense Of Price Gouging

Be careful what you wish for.    Last Friday, Gov. Chris Christie announced that he was taking a “zero-tolerance” approach toward anyone the New Jersey Division of Consumer Affairs found taking certain steps to help bring in much-needed items that were in desperately short supply after Hurricane Sandy smashed into the state last week.      ... MORE

Walter E Williams - Disaster Ignorance

Higher prices attract more supply.     Here's a which-is-better question for you. Suppose a New Jersey motel room rented for $125 a night prior to Hurricane Sandy's devastation. When the hurricane hits, a husband, wife and their two youngsters might seek the comfort of renting two adjoining rooms. However, when they arrive at the motel,  ... MORE

VIDEO: Gas Lines, Gouging, and Hurricane Sandy


Keeping prices low means nobody gets fuel.

Long Lines Caused By Government Price Gouging Laws

by Karl Dickey. New York and New Jersey are not much different from Florida when it comes to one aspect of reacting to a hurricane or major storm - price gouging laws. What is often hailed as a great idea by the masses and politicians looking for re-election has become another of government's unintended consequences. And what dire            ... MORE

John Stossel: In Praise Of Price-Gouging

Getting goods where they are needed most.    Desperate New Jersey drivers wait in long lines to buy gasoline. One line was two miles long The media blame “a lack of electricity” and report that “Governor Christie has acted to boost supplies of gasoline…by directing Treasury officials to waive licensing requirements that affect merchants’  ... MORE

Matthew Yglesias: Why Price Gouging Is Necessary

Getting supply to where it is needed most.     Some more words on price gouging, as New York and New Jersey are increasingly afflicted by gasoline shortages. There are three issues we need to look at here. One is allocation, one is short-term supply, and one is long-term supply. A lot of people seem to want to look at this purely as an allocative      ... MORE

Charles Krauthammer: Seaweed In Your Gas Tank


An energy policy based on fantasy, not reality.   Yes, of course, presidents have no direct control over gas prices. But the American people know something about this president and his disdain for oil. The “fuel of the past,” he contemptuously calls it. To the American worker who doesn’t commute by government motorcade and is getting fleeced every ... MORE

Ronald Bailey: Newt's Despicable Gasoline Price Promise

Newt imagines he can control the law of supply and demand. Former House Speaker and current Republican presidential hopeful Newt Gingrich has promised voters that gasoline will be $2.50 per gallon after he becomes president. In fact, Gingrich thinks he may even be able to get the price down to $1.20 per gallon. "His promise to go the moon is     ... MORE