Hawaii Puts Cap On Gas Prices

[scaeagles]

Originally Posted by Ghoulish Delight

Wiat until the price of every product you buy goes up because of increased fuel costs.

A pure free market economy is a bad thing. Period.

The costs are already increasing on certain things I "consume". My post was in reference to Name's post on how he saves money on fuel because he rides a motorcycle. Not very practical in a family with three kids, but it works for him.

I didn't say anything about "pure free market" economy. Predatory and monopolostic practices are against the law and well should be. I simply said price controls are a bad idea. Period.

Let's say the cost of production of a gallon of gas goes to 2.50. That's production only. Let's say a price control in Hawaii says wholesale gas can only go for 2.40. What happens? The oil companies won't be selling gas in Hawaii.

Read the links to the Sowell columns. He explains it well.