In This Case, Our Government Was Indeed to Blame

Sunday, May 26, 2019

(Don Boudreaux) Tweet Here’s a letter to the Wall Street Journal : Editor: Worried that Americans today are “overly complacent” about volatile world oil markets, Spencer Jakab reminds Americans of the 1970s’ gasoline shortages – shortages that were, according to Mr.

Source: In This Case, Our Government Was Indeed to Blame

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Uncle Sam’s ceilings on energy prices discouraged domestic suppliers from bringing to market the full quantities of fuel that buyers sought at those artificially low prices.

It’s usually always the Gooferment’s fault.

“The government is good at one thing. It knows how to break your legs, and then hand you a crutch and say, ‘See if it weren’t for the government, you wouldn’t be able to walk.” ― Harry Browne

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