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September 27, 2006
Finally, Someone Has Captured American Economics
Finally, someone has captured the essence of the American economy - or at least the essence of the economic thinking of far too many Americans: "[T]he Bush/Halliburton team [is] pulling out the stops to get the Republithugs back in office. Once the dirty deed is done we can expect heating oil prices to climb just when we need it the most. This will be followed in the spring by another “market driven” increase in the price of gas just as the summer driving season begins. It is an old game, drive prices higher just at the time when we need it the most and let them decline just when we don’t use it as much. These gyrations are just a way to tamp down our outrage enough to let them get away with it again next time and conveniently keep their profits down when elections are about to occur and our outrage might lead to change. "Think I am wrong? When did we invade Iraq to seize their oil? March, just before driving season. Easy cover for jacking up oil prices wasn’t it? When will we invade Iran? Before May, I promise. "It is no accident that elections are held in the fall. Long ago the oil companies figured out that the fall was not an especially profitable time for them due to low gasoline usage and relatively tame energy usage for heating and cooling. What better time to manipulate the market for lower energy costs?" This is great satire precisely because it rings true - you can read rants that aren't all that different on left wing blog sites every day. Worth reading the whole thing. Posted by Brad Smith at 10:41 AM in Funny Stuff
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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