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“Economic Idiotarianism”

This post was formerly and boringly titled: Supply and Demand

Here’s a data point that serves to explain why it’s far too frustrating for me to engage democrats in a discussion over politics or economics. Forget the fact that I’ll never convince them that it’s wrong to steal one person’s property to "help" another. I can’t even get them to understand a trivial economic principle.

1) The government needs to do something about high gas prices and "price gouging."

2) The government needs to do something to force people to conserve gas, and save energy.

Update: I retitled the post shortly after writing it and stumbling across this, via Balko.

Richard Nikoley

I'm Richard Nikoley. Free The Animal began in 2003 and as of 2021, contains 5,000 posts. I blog what I wish...from health, diet, and food to travel and lifestyle; to politics, social antagonism, expat-living location and time independent—while you sleep—income. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances. Read More

4 Comments

  1. Kyle Bennett on October 2, 2005 at 10:33

    In the spirit of Heinlein's idea from the comments on the previous post:

    The answer is:

    A. Force the market price down and raise taxes on gas to limit demand and raise revenue

    B. Allow the price to rise naturally and demand will shrink in proportion to the restriction of supply

    C. Force the price down and institute rationing or "excessive use" penalties to reduce demand.

    Your answer is:

    B

    Congratulations! You may now proceed to the ballot screen and cast your vote.

    Nationwide Presidential Reults:

    Democrat: 49 votes
    Republican: 2,185 votes
    Libertarian/Anarchist: 12,487 votes
    Reform Party: 12 votes
    Communist Party: 8,462 votes

    Not voting: 87,654,239

    "None" declared the winner. Happy Days Are Here Again!

  2. Adam on October 2, 2005 at 22:11

    Ha ha, exactly! It's only been high gas prices that has stopped us from running out of oil like we were on track for three decades ago.

  3. Kyle Bennett on October 3, 2005 at 07:06

    Adam,

    You're right, the high oil prices have incentivised some very innovative new recovery techniques. The supply is looking better all the time.

  4. cube on October 3, 2005 at 09:06

    Idiotarian. I love it. You can't tell them a thing.

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