Drew, you are one sharp cookie. I heard this idea last night at work, and my response was much the same. Then we come into the cap-and-trade-restrictions-being-in-violation-of-the-theory-of-capitalism concept. Capitalism is buy low, sell high, pocket(or re-invest) profits. And the old “whatever the traffic will bear” idea of pricing. But what they don’t seem to remember is that the more you sell, the more you make. If you price a thing at y, people may only buy one. If you price it at 2/3y, and sell three, you’ve made more money from the traffic. Things such as fuel would sell much better if it didn’t cost so damn much. This in turn would increase sales of products and services elsewhere, ‘cause now you can afford to go there. WE know this. Unfortunately, the socialist masters either a: do not realize this, or b: do not want a healthy economy. Hmmm, things that make you go hmmm.
Follow the money.. Anyone know if Soros is putting money into the oil market? Remember, he does make a hobby of destroying economies for fun and profit..
Bill
So, the question seems to be, should we leave the free market alone, or should we ‘control’ it for the ‘higher good’?
“Regulating” speculation strikes me off the top as being counter-productive. Why should we as a nation prevent people from investing money? Is the recent housing and mortgage problem a result of people ‘flipping’ houses? Should we regulate that as well?
Okay, I’m not happy about $4.50 a gallon gasoline. Truly, I’m not. However, I think there are other forces at work here, and more information is better than less information. Certainly, the left wing agenda of citizen control is enhanced by the price of gasoline; they are easier to control when they can’t get around as well.
Could it be someone similar to Mr. Soros is manipulating things to generate support for regulation? Or am I being too Machiavellian?