Cato’s Alan Reynolds, one of the most clear-headed economists around (and one with no patience for economic blather), writes about the obsession that politicians and certain media types have over the high profits the oil companies have earned recently. If you need additional ammunition against those who would have the government meddle (well, meddle further) with the spontaneous order of the market, read his article here.
I often wonder about those people — do they really think that more taxes will get us more energy, or do they know better, but just can’t help themselves when they see an opportunity for grandstanding as a “friend of the little guy?”
