SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: steve harris who wrote (337452)6/6/2007 5:34:02 PM
From: TimF  Read Replies (1) of 1577201
 
The Reality Reflected by Prices

Don Boudreaux

Here's a letter that I sent last week to the Washington Post:

To the Editor:

Kings of yore occasionally killed messengers bringing bad news. By voting to outlaw so-called "price gouging," the House of Representatives proves that its members are just as irrational as these ancient monarchs ("Tipping-Point Shock," May 24).

Higher prices report an underlying reality such as constrained refining capacity, rising demand, higher taxes, and more regulations. Statutes that prevent prices from rising do nothing to improve the underlying reality. Indeed, by silencing information about reality, restraints on price hikes keep consumers and producers acting in ignorance - thus making matters worse.

Sincerely,
Donald J. Boudreaux

cafehayek.typepad.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News