When Jill puts her house on the market for $450,000 -- triple what she paid 10 years ago, but the going price in her neighborhood today -- the politicos understand that the 200 percent markup is the result of supply and demand in the real estate market. Senators don't call press conferences to denounce Jill as a profiteer. Attorneys general don't threaten to prosecute her. Governors don't compare her to looters.No word yet on prices for college tuition out pacing inflation causing a stir among politicians.It looks like Big Education is much stronger than Big Oil.It's not even close.
Sunday, September 11, 2005
Complaining about high gas prices
Jeff Jacoby makes fun of those who don't respect supply and demand:
