Relentless Pursuit of Wisdom and Liberty

The weblog companion of, dedicated to pondering, "If Patrick Henry could see us now..."

Friday, August 19, 2005

Gas too expensive?

If you're caught up in lamenting how expensive gas is these days, you'd do well to remember two things: 1) that in real, inflation-adjusted terms, gas prices are in fact not at historic levels; and 2) that there are plenty of other things that are way more expensive per gallon than gas, making gas seem pretty cheap in comparison. The free market is at work here folks - supply and demand is a law just as surely as gravity is, and it's as true in tickets to sporting events as it is with gas: as long as we keep buying whatever it is they're selling at the price they're asking, they'll keep selling at that price or more.


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