Derek,
These are great. I like the fact that you focused on the "positive" things that can be done.
Although the manipulative social engineering aspect of tax credits is a negative, the greater good is done by letting people keep their money. I agree with your proposal.
Rich
Dear Everyone;
For another take on "High Oil Prices" see this really recent article from Mises Institute published 8/23. For the record Hawaii is going to put price caps on wholesale gas prices. Great way to control the market by driving the supply down at the pump. DOH!
http://www.mises.org/story/1892
One other thing effecting the price of gas is in the US no new oil refinery has been built in the last 25 years!!!!! Nothing but old out of date production facilities on-line. ThankYou environmentalists and NIMBY's for comparison look at the number of nuclear power plants built.
Ron Getty
SF Libertarian
Richard Newell <richard@...> wrote:
Derek,
These are great. I like the fact that you focused on the "positive" things that can be done.
Although the manipulative social engineering aspect of tax credits is a negative, the greater good is done by letting people keep their money. I agree with your proposal.
Rich
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Derek, congrats on getting picked up by KrON. Nice work. Can't help
but emphasize very explicitly what the Mises institue showed in your
link, Thigh price of oil is denominated in dollars per barrel. There
has been a hugh increase in the supply of dollarsover the last thirty
five yers. The increased supply of dollars relative to thesupply of
oil has made the dollars worth less. Many of those dollarsare in
foreifn hands, and have built up to the point thatthe foreign holders
are anxious to spend the dollars. Some of that money is finding its
way into demand for oil.
The oil hasn't changed, nor really it's overall supply picture. The
big change has been the supply of dollars.
The same goes for real estate. The houses in San francisco are the
same as ever. Wooden boces with a little gingerbread. What has changed
is there are a lot more dollars chasing the house.real estate is
pricesd in dollars. Instead of beig amazed how much real estate has
gone up, smart people should be amazed how much the dollar has gone
down. Same with oil. Keynes said it best. Not one in a million menwill
detect the theft of inflation. So Exxon will take the blame instead of
Sir Alan. Pity. And I can't even seem to be able to get this point
accross to fellow Libertarians, much less our dear Liberal friends and
bedmates.