Wednesday, September 7, 2005

Why we should not cap gas prices

I found this when I was researching gas prices for a friend who is convinced that prices should be capped. I disagree! Let markets work.The FinancialRounds does a good job of explaining why capping is not a solution:"we have to have some mechanism to allocate the available gas among the peoplewho want it. You can do it by lottery, by government fiat (i.e. you get a"ration card"), by random chance

0 comments:

Post a Comment