From Don Boudreaux,
This morning your reporter interviewed a resident of Galveston, Texas, about the effects of hurricane Ike. The person interviewed said that she went to the gasoline station before Ike hit to “top off” her tank. But she was angry to find that gasoline prices had jumped 50 cents per gallon from the day before. “It’s ridiculous,” this woman opined. “Ike hadn’t hit yet!”
Sep 16 2008
Megan McArdle writes, our regulatory model still works on the assumption that the technocrats can figure out what is safe, and then let the public buy it, and nothing will ever go wrong. Oh, maybe it's not working that way right now . . . but that's because the other party is in charge. Or the regulators got corrupt...
Sep 16 2008
If you think that Nudge doesn't matter, take a look at marriage. Only 5-10% of marriages have prenups; everyone else goes with the "default option" - the family law of the state in which they reside. Why do people go with state law? You could say, "State laws are so wisely crafted that no one would want anything els...
Sep 16 2008
From Don Boudreaux, This morning your reporter interviewed a resident of Galveston, Texas, about the effects of hurricane Ike. The person interviewed said that she went to the gasoline station before Ike hit to "top off" her tank. But she was angry to find that gasoline prices had jumped 50 cents per gallon from the...
READER COMMENTS
Vincent Clement
Sep 16 2008 at 3:55pm
Arnold, you forgot this part:
Your reporter should have immediately asked this woman: “Well, why were you topping off your tank? Ike hadn’t hit yet.”
Comments are closed.