Regulation to reign in speculation.
Monday, May 26th, 2008Gas prices are pushing our government to do something rash. Folks who are already feeling the crunch from poor credit management to declining equity in housing to fear of job loss and wage reduction are barking for congress to “do something” about gas prices. It’s understandable.
However, a witch hunt to blame high prices on everything from price gouging at the local level to unreasonably high profits at the national level to speculation on wall street is shaping up to do us more harm than good.
The only thing that will reign in speculation is supply outweighing demand. …
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