Category: Economics
Hypocrisy over oil profits abounds
The recent swell of criticism over oil company “windfall” profits, some even coming from people who should know better, is truly remarkable in its hypocrisy.
Prices ration scarce goods
As the price for gasoline rises, politicians hear increased calls for regulation of gas prices. We hear news stories of hotels increasing prices for victims of hurricane Katrina, and prices for needed goods in the destructed area could rise, too.
What to do about gasoline prices
Almost anything the government does in response to the recent high gasoline prices is bound to fail.
Book Review: Basic Economics: A Citizen’s Guide to the Economy
This book is a general introduction to economics written in a non-technical way. It provides excellent coverage of many introductory topics in economics, and you don’t have to be a mathematical sophisticate to understand it. It is very readable by anyone who is interested in this topic.