Who Is Gouging Whom?by David Holcberg (March 7, 2007)
Last Wednesday 79 members of the House of Representatives introduced a bill instituting criminal and civil penalties on any corporation or individual found guilty of gasoline "price gouging." But the real gouger driving up gasoline prices is not the private sector, it is our government.
Above is a link to an excellent op-ed related to price "gouging" which I have discussed in previous posts both from an economic and moral perspective. Apparently, my ideas are not being transmitted to the highest levels of power which is disappointing.
Also, Professor George Reisman has graced us with another blog post:
Global Warming Is Not a Threat But the Environmentalist Response to It Is
He demonstrates that even if it were true that global warming were occuring we would be better off continuing to burn fossil fuels and adapt to the warming (which could actually be beneficial) and considers how adapation should logically proceed.
If one values the benefits provided by industrial civilization above the avoidance of the losses alleged to result from global warming, it follows that nothing should be done to stop global warming that destroys or undermines industrial civilization. That is, it follows that global warming should simply be accepted as a byproduct of economic progress and that life should go on as normal in the face of it.
Here is one of my favorite quotes from this:
In addition, the process of adaptation here in the United States would be helped by making all areas determined to be likely victims of coastal flooding in the years ahead ineligible for any form of governmental aid, insurance, or disaster relief that is not already in force. Existing government guarantees should be phased out after a reasonable grace period. Such measures would spur relocation to safer areas in advance of any future flooding.