23.5.04

PEOPLE RESPOND TO INCENTIVES.
The surest way to get lower prices tomorrow is to put up with higher prices today, The surest way to get higher prices tomorrow is to insist on lower prices today.

This is a matter not of theory but experience. When Ronald Reagan scrapped oil and gasoline price controls in 1981, critics said prices would soar. They did, but not for long. Supplies rose, consumption fell and prices began a long decline, which left us all swimming in cheap gas and spoiled beyond belief.
That's Steve Chapman, with a reality check on gas prices, as well as the gratifying news that Hummer sales are off again.

No comments: