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
Showing posts with label supply. Show all posts
Showing posts with label supply. Show all posts
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
Labels:
crisis,
disaster,
economics,
gas prices,
government,
price gouging,
prices,
resources,
supply
VIDEO: Gas Lines, Gouging, and Hurricane Sandy
Keeping prices low means nobody gets fuel.
Labels:
economics,
free market,
gas prices,
government,
price controls,
regulation,
restrictions,
supply
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
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