It seems we, as a nation, are awash in moronic economic theories put into practice by overly “educated” politicians who don’t even know how to change a flat tire. The best knowledge is weaned from experience shaped by the practical world and not the dope-smoking nonsense of the ivory tower.
Various politicians have their little sissy panties in a wad over high gas prices. They’re screaming that oil companies are gouging the public. “We need to regulate gas prices!” Remember the world of high gas prices and shortages before President Reagan deregulated the industry in 1981? I assume our elite colleges don’t teach historical facts that illustrate the wonders of the free market.
I’ve owned gas stations, and there is no more competitive industry in the world than the retail gas business.
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