Hard core free market ideologue and mindless follower of Milton Friedman once again shows his religious support for laissez faire policies. (Sarcasm off).
Bush shows he cares
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Well, http://www.newsweek.com/id/158752” rel=”nofollow”> at least one person in the media understands the role that prices play in allocating scarce resources.
lol I don't understand why you 've been sarcastic, everybody knows that Friedman is a neocon and that Bush is a hardcore fondamentalist Friedmanite
at least Naomi Klein says so and she always knows what she is talking about… not:
"Only since the mid-nineties has the intellectual movement, led by the right-wing think-tanks with which [Milton] Friedman had long associations—Heritage Foundation, Cato Institute and the American Enterprise Institute—called itself 'neoconservative,'" (Disaster Capitalism p. 17)
"Friedman … laid out what … would form the economic agenda of the neoconservative movement" (Disaster Capitalism p. 56)
"the neocon movement — Friedmanite to its core" (Disaster Capitalism p. 322)
"Friedman's intellectual heirs in the United States, the neocons" (Disaster Capitalism p. 444)
…and the Earth is flat
"Neoconservatives are not libertarian in any sense. A conservative welfare state is perfectly consistent with the neoconservative perspective." – Irvin Kristol
"Neo-cons do not feel that kind of alarm or anxiety about the growth of the state in the past century, seeing it as natural indeed inevitable" – Irving Kristol (The founder of the American Neoconservatism)
Congrast on the review by George Will! Now you need to figure out how to be the talking head expert on Fox News or CNN who they call to explain why gas prices rise after a hurricane. They'll only give you 30 seconds and they will be super hostile. But you're a step closer to being that guy.
I sometimes wish the gas stations would just close.
They could put a sign up that states: "We can't take any of your money in this time of crisis."
George W. Bush has disappointed me in many ways. But I'm not going to blame him for ignoring the role of price in resource allocation. Economic ignorance on the part of the electorate and the media and elected officials is totally widespread in this nation. Why is that? Why have economists not been able to educate the masses? Is it because too many have lost all credibility with the public? Is it because basic supply anmd demand are too simple to be worthy of their efforts to inform the public? Why do Americans remain so economically illiterate?
Perhaps Bush is as dumb as he looks and is incapable of understanding basic economics. Lacking understanding, he just goes with his gut, even though his gut doesn't know any more than his brain.
He may be a good guy to have a beer with, but not to share ideas with.
You would rather have the president just say, "tough rocks, folks–y'all don't know beans about supply and demand, so suck it up for a few weeks and pay the price?" That's a sure way to have your party go down in flames in November.
Mike,
I think John Dewey has a point. Politicians pander to public ignorance to get elected. Are we to ignore politicians' incentives?
Today I went to six gas stations between my office and home. All of them were out of gas. If they had gas they would have willingly sold it to me for $4.09.
We live in Nashville. Something tells me that this has to do with the fact that the governor recently expressed that he will pursue price gouging cases.
As a result I can't get to work.
Thanks for protecting us, governor.
President Bush isn't stupid, he's a politician.
He's wrong in his pandering of course, but we all know that it's the mindless masses who have no time to think past the usual celebutard news of the day to contemplate such trivial things as econ 101.