Friday, October 28, 2005

One more time - price controls cause shortages

We read this week of the oil companies making profits. The horror!

Actually, we should be glad. Good for them. I wish I had bought their stock three years ago.

The biggest mistake we could make is to impose extra taxes or price controls. The 1970's are over. Profits are to be celebrated, not criticized.

Previous - Price controls cause shortages.

and again - Price Controls cause shortages.

Update - That Gay Conservative has more.

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