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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: twmoore who wrote (50388)	5/24/2004 1:20:56 PM
From: Tommaso	Read Replies (1) \| Respond to of 74559

>>>People will pay whatever the asking price is and sooner or later become comfortable with that price<<< Unless, of course, they can't pay. By the way, what is the difference between a "real shortage" and a "created shortage"? Is a "created shortage" unreal? I do not recall that I said that the price of oil had anything to do with gas lines. What I do say is that if the price of gasoline is allowed to rise, there will be no gas lines because only those who can afford to pay will be buying gas. The gas lines disappeared back in 1974 as soon as the government allowed gasoline prices to rise. The most efficient way to ration a scarce commodity is to allow the price to rise. If the government makes the mistake of trying to step in and control gasoline prices, there will be a shortage of gasoline supplies.