Stockpiling Gas

AOL News (AP) reports on a market solution to rising gas prices: buy gas now and store it for later. That’s right; create your own strategic oil reserve!

One lucky prospector is tapping the 99 cents a gallon gas that he has stored in his private reserve. What a deal! What a solution!

The market always creates solutions for economic issues. Saving gas is the perfect hedge investment for those looking to offset rising fuel prices.

George Roche RIP

George Charles Roche, III, president of Hillsdale College from 1971 to 1999, has died at the age of 71. A magnetic speaker and extraordinary fundraiser, he purchased, from Ludwig von Mises’s widow, Mises’s personal library, and established a lecture series in his honor. Dr. Roche was the author of a biography of Frederic Bastiat and several other books; his PhD history dissertation from the University of Colorado took a sympathetic look at the antiwar Old Right.

Hayek’s Birthday!

May 8 marks the 1899 birth of Friedrich Hayek. Though best known as an economist, he was acclaimed for contributions in many fields. Nobel Prize winners and others have lauded him as the 20th century’s outstanding economist, social scientist, and political philosopher. Peter Boettke named him “probably the most prodigious classical liberal scholar of the 20th century.”