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On Women and Assets

Posted By Don Boudreaux On May 29, 2008 @ 8:14 pm In Energy,Politics,Prices | Comments Disabled

Here are two letters sent today to USA Today:

You suggest that women are
less likely than men to seek political office because women have fewer
political role models, and because "no one urges them to run"  ("Our view
on women in politics: Reluctant to take the plunge
," May 29).  I offer
a different reason: women are more decent than men.

Fewer women
than men itch to lord it over others.  Also, women are less willing
than men to perform the countless asinine stunts and soul-shriveling
pandering necessary to win political office.

Sincerely,
Donald J. Boudreaux

And

Re your editorial "One
bright sign emerges in a gloomy housing marke
t" (May 29) and the
general dismay about falling real-estate prices and rising gasoline
prices: What principle of economics suggests that markets are working
well when the price of one asset (say, housing) rises, but not when the
price of another asset (say, petroleum) rises?  What principle of
ethics dictates that owners of one asset (say, housing) are entitled to
capital gains and to enjoy these gains however large they might be, but
that owners of another asset (say, petroleum) are not so entitled to
their gains?

Finally, what moral precept advises us, in the case
of petroleum products, to sympathize with buyers and demonize sellers,
and in the case of housing, to ignore buyers and sympathize with
sellers?

Sincerely,
Donald J. Boudreaux

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