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Jefferson Review |
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"Your Liberty is Our Interest" |
September 19, 2005 | |
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Gouge on – the case for price gouging In a free market, scarce goods are typically rationed by price. People who value gasoline most are willing to pay higher prices than those who value it less. The former get the gasoline — the latter to some extent go without. Allocating resources to those who value them most is one very important reason why our economy outperforms economies where resources are allocated by political action…. Empty shelves are the defining feature of markets where price controls are in place. It’s a law of economic gravity. … Now, how are the poor been helped by service stations closing down for lack of fuel? Gas at $6 a gallon, after all, is better than gas unavailable at any price. http://www.nationalreview.com/comment/taylor200509022359.asp
Death by government – waiting for the help that never came http://www.theunionleader.com/articles_showa.html?article=60048
FEMA vs. Walmart – Thomas Sowell Well before Katrina reached New Orleans, when it was still just a tropical depression off the coast of Florida, Wal-Mart was rushing electric generators, bottled water, and other emergency supplies to its distribution centers along the Gulf coast. http://www.townhall.com/columnists/thomassowell/ts20050915.shtml
Whose Constitution is it? – Thomas Sowell Much of the Constitution is remarkably simple and straightforward -- certainly as compared to the convoluted reasoning of judges and law professors discussing what is called "Constitutional law," much of which has no basis in that document. … Although some seem to think that abortion is the be-all and end-all question about a judicial nominee, the real question is whether that nominee will follow the law or succumb to the lure of "a living constitution," "evolving standards" and other lofty words meaning judicial power to reshape the law to suit their own personal preferences. http://www.townhall.com/columnists/thomassowell/ts20050914.shtml
The role of prices – Walter Williams Suppose a hotel room rented for $79 a night prior to Hurricane Katrina's devastation. Based on that price, an evacuating family of four might rent two adjoining rooms. When they arrive at the hotel, they find the rooms rent for $200; they decide to make do with one room. In my book, that's wonderful. The family voluntarily opted to make a room available for another family who had to evacuate or whose home was destroyed. Demagogues will call this price-gouging, but I ask you, which is preferable: a room available at $200 or a room unavailable at $79? Rising prices get people to voluntarily economize on goods and services rendered scarcer by the disaster. … Politicians would serve us better by focusing their energies on tax-gouging. http://www.townhall.com/columnists/walterwilliams/ww20050914.shtml
Let the important work resume in Frankfort http://www.challengernky.com/articles/2005/09/11/opinion/2-0911marcotte.txt
John Roberts – A supreme property rights disaster in the making http://eco.freedom.org/el/20050901/burling.shtml
Standing outside Justice Rehnquist’s funeral http://gcc.savvior.com/A_Scene_on_Rhode_Island_Avenue.php?view_all=&&printable=true
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