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To: ild who wrote (232874)4/2/2003 10:23:35 AM
From: Knighty Tin  Read Replies (2) | Respond to of 436258
 
Ild, Yup, we're only 39 miles from Baghdad this morning, which is much closer that the 40 miles of yesterday. Go, market, go! Where is Maria in her cheerleading outfit?



To: ild who wrote (232874)4/2/2003 1:45:12 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
mises.org

>>Such intervention then leads to a situation where we replace competitive markets with at best heavily regulated markets, and at worst outright socialism[4]. These economic systems result in markedly lower living standards and varying degrees of political repression.

That this is all true in this case is evident from the fact that consumers are choosing to spend less on air travel. Intervention on behalf of airlines is obviously working to resist the movement of scarce resources into more highly valued uses. It is making us poorer, except for the few who collect these government transfers.

At one level, we should recognize and respect the wishes of consumers. At another we should recognize that part of this change in consumer preference and want for more intervention derives from prior interventions. Fear and animosity generated by terrorism and intervention are what we should be wary of, not falling revenues in any one sector of the economy. Intervention is the problem, not the solution, particularly its worst form: war.
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