Biden Loudly Flaunted His Economic Ignorance Last Week

Biden Loudly Flaunted His Economic Ignorance Last Week
(AP Photo/Evan Vucci)

There are those who respect economic forces and those who know nothing about them. Sadly, this past week, during the shocking build-up of gas lines around the South and East coasts, where many cities had half the stations run out and the other half with long waits – echoes of the 1970s – the Biden administration revealed itself to be among the deeply ignorant. 

The blame for the gas lines falls to a malware hack of Colonial Pipeline, which supplies 45% of the oil and gas to a whole region of the US. That’s the proximate cause. But how could a simple piece of ransomware take down the gas supply and ruin life for so many millions of people? Why such a central point of failure in such an essential system? 

 

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