Lynne Kiesling This entry at Wired’s blog Autopia points out a new National Petroleum Council study that says that the U.S. will have to develop lots of alternate energy sources over the next 25 years, and that until we do so, expect gas prices to remain high.
Michael Giberson One of the difficulties that beset planned economies is that without good prices for retail goods, it becomes difficult to price capital goods well. Of course, without good prices for capital goods, it become hard to allocate capital goods to their best use, and resources become wasted. (I think we can credit Ludwig …
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