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To: Don Lloyd who wrote (105473)	5/30/2001 5:00:23 AM
From: KyrosL	Read Replies (2) \| Respond to of 436258

Don, Any economist who either claims ... that price controls do not cause shortages is not a real economist, but rather a political economic junk scientist who sells his professional opinion for money and/or status That's true, if the market in question is free. However, supporters of price caps argue that the California electricity market is an oligopoly, which at times operates as a monopoly. And any economist will agree that, if this is the case, regulation, including price controls, is a much better choice than letting the price be determined by the oligopoly or monopoly.

To: Don Lloyd who wrote (105473)	5/30/2001 7:15:15 AM
From: flatsville	Read Replies (2) \| Respond to of 436258

Don-- Do you have a study for this with hard nos.? >>>Any economist who either claims that legal minimum wages do not cause unemployment...<<< I've been looking for some time. If you have one please post.

To: Don Lloyd who wrote (105473)	5/30/2001 8:57:27 AM
From: Terry Whitman	Respond to of 436258

Don- It warms my heart to see that there are still a few intelligent people out there that can call a spade a spade, and yell out that the emperor has no clothes. You have described the situation with striking clarity and common sense. Price controls have NEVER worked in the long run. This is a 'psuedo' free market, capitalist system, and if you don't like what you are being charged for a product- DON'T BUY IT! If enough people don't buy it- That will bring the price down. If elec. prices get too high - shut down the AC, and maybe even the TV. If gas gets too high- carpool, or take a shorter vacation, or <gasp> find a job or home with a shorter commute. People have forgotten how to conserve after this long period of cheap commodities. They will have to re-learn. The economic ignorance of this nation is astounding. I am reminded of this daily as I see otherwise intelligent people making idiotic moves that affect their long term financial well being... End Of Rant. <g>