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Posted By Don Boudreaux On July 15, 2008 @ 7:22 am In Current Affairs,Energy,Politics | Comments Disabled
I just sent this letter to the Wall Street Journal:
Sen. Dick Durbin’s letter
today is classic demagoguery. He presumes that his motives are purer
than those of persons who disagree with him; his case for
more-intrusive government is based on zero evidence that the culprits
he demonizes ("speculators") are responsible for the "problem" (high
oil prices) visited upon victims portrayed as helpless but for Sen.
Durbin’s courageous intercession on their behalf; he demands power to
prevent practices defined only with question-begging vagueness
("excessive speculation" and "unfair speculation") – a vagueness that,
once enacted into legislation, greases the path to even more power for
demagogues such as Sen. Durbin.
Donald J. Boudreaux
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