Letters to the Editor
-
The dubious cult of experts
"if the supply of a good is more or less unresponsive to the price, the price to consumers will always rise until the quantity demanded falls to match the quantity supplied."--Krugman
I think this dumbass is saying, in the most convulted way possible, that supply and demand controls price, not the other way around. Yeah, duh, so? What does that have to do with getting a break at the pump at the OIL COMPANIES EXPENSE?
"In one pocket, out the other." --Krugman
I interpret this to mean in terms of Clintons plan, out of the oil companies pocket into the consumers pocket.
Again this is supposed to be bad?
If he is trying to make the point that this will not solve the problem of rising gas prices, bravo, brilliant. But who is claiming that giving consumers a break at the pump will lower the price of a barrel of oil?
This is relief for people being squeeezed by high enegy costs, not a solution to the nations energy woes.
Beware the dubious cult of dumbasses disguised as experts and political pundits selling strawman arguments.