Nonsense on Oil
Higher prices have unleashed a torrent of economic fallacy, from boycotts on gas stations to agitations for price controls. Paul Cwik responds.
Higher prices have unleashed a torrent of economic fallacy, from boycotts on gas stations to agitations for price controls. Paul Cwik responds.
The oil price, the stock market, the yield curve, and other factors suggest the boom may be fading. But several quick steps to free markets would shorten the pain.
[This is chapter 33 from Rothbard’s 4-volume history of colonial America, Conceived in Liberty. Listen to the audio version.]
All talk of disproportionate wealth gains belongs in the dustbin of history.
[Delivered at the Mises Institute conference, The History of Liberty, January 2000]
We could have another on our hands if the bureaucrats get involved in regulating prices again.
OPEC is restricting production, but it’s domestic taxes and regulations that keep gas and oil prices high.
The judge in the Microsoft case says the company is like Standard Oil earlier this century. He’s right, for the wrong reasons.