The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek
Posted in Economics Problems on May 29th, 2008
A dear friend of mine politely asked what I thought was going on with oil prices. He thinks they are increasing at a ridiculous rate, and questioned the oil companies’ explanation that this was part of a cycle, and questioned whether oil companies ever experienced a bad time …
Posted in You Can't Have it Both Ways on May 27th, 2008
“if the House of Representatives has now declared it “illegal” for the Government of Saudi Arabia to restrict oil production, why is it still legal for the Government of the United States to restrict oil production”
Check out Mark Steyn’s OpEd here.
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