Of course she wants price controls, a pure-play cCon mechanism. cCon is the natural policy direction of today’s Left Wing, just as it was with yesterday’s Left Wing. They’re very traditional.
Now, a Republican POTUS resorting to such ham-fisted intervention, as Richard Milhous Nixon did, is truly embarrassing.
Oh Boy-- I can see it now. Food verticals lined up from growers to shippers to wholesalers to retailers vying for special price control product dispensations from The Harris administration in exchange for favors and donations to DNC campaigns. Where is Billy Ray Valentine (Eddie Murphy in Trading Places) when you need him?? Can anyone say "Orange Juice Futures?
In a time where oil profits have been sky high, companies are still getting government subsidies. And in some states like California, they don't pay an extraction fee for pulling oil out of the ground. Now of oil prices are still high, what is exactly the justification for not giving oil companies a little incentive to lower them?
The Biden Administration at least tapped the strategic coil reserve and then sold oil on the market at a higher price. And as always, Saudis and Russians are playing games with production to influence market prices. Jes
What are the subsidies that oil companies in the U.S. are getting? In the world as a whole, there are large subsidies to oil companies, but in the U.S. they're relatively small. But maybe you have some information I don't, and I am open to yours.
Who is Jes?
By the way, I favored Biden selling oil when the price was high. I've written about it over at EconLog and can give you some links if you're interested.
Re pushing back, the best way, if there are subsidies to oil companies, is to reduce or end the subsidies.
“What are the subsidies that oil companies in the U.S. are getting?”
Dollars to doughnuts the person making that claim is parroting the ridiculous leftist position that oil and gas depletion allowances in the tax code to account for the depreciating value of the asset in question are a “subsidy” to oil companies.
Because after all, your income and wealth are in fact the government’s property to take forcibly under the threat of physical violence if you do not comply, and so anything leftists don’t like that gets in the way of the government appropriating more money is a subsidy…
Right on. Econ101, for those who have not taken the course.
Kamala Harris policies are the same ones from the last four years
Excellent piece.
“‘Now, she's unveiled some of it, and maybe it was actually better when we knew less.’
I disagree. It’s better if we know more.”
But of course it *is* if one’s overarching goal is to ensure that DJT is not elected president…
November 19, 1973 Newsweek cover saved here: https://99percentinvisible.org/app/uploads/2016/06/running-out-of-everything.jpg
Of course she wants price controls, a pure-play cCon mechanism. cCon is the natural policy direction of today’s Left Wing, just as it was with yesterday’s Left Wing. They’re very traditional.
Now, a Republican POTUS resorting to such ham-fisted intervention, as Richard Milhous Nixon did, is truly embarrassing.
https://www.burkeannation.org/econ-401
Counterintuitively, low-price mandates will increase costs:
- Transaction costs: Time spent in queues, searching online for goods, and driving further to stores that happen to have goods in stock.
- Opportunity costs: Additional time spent obtaining goods can't be used in other ways.
- Substitution costs: Substituting other goods - perhaps of lower quality or utility or higher prices.
- Black market activity: Illegally paying higher prices, bribes, or favors to obtain goods.
- Reduced quality: Suppliers may reduce quality or quantity to stay in business.
- Long term supply disruptions: Lower prices may discourage investment and drive some producers out of business.
Oh Boy-- I can see it now. Food verticals lined up from growers to shippers to wholesalers to retailers vying for special price control product dispensations from The Harris administration in exchange for favors and donations to DNC campaigns. Where is Billy Ray Valentine (Eddie Murphy in Trading Places) when you need him?? Can anyone say "Orange Juice Futures?
In a time where oil profits have been sky high, companies are still getting government subsidies. And in some states like California, they don't pay an extraction fee for pulling oil out of the ground. Now of oil prices are still high, what is exactly the justification for not giving oil companies a little incentive to lower them?
The Biden Administration at least tapped the strategic coil reserve and then sold oil on the market at a higher price. And as always, Saudis and Russians are playing games with production to influence market prices. Jes
At what point do we push back?
Companies aren’t price makers, they’re price takers. Prices are determined by millions of transactions made every day.
What are the subsidies that oil companies in the U.S. are getting? In the world as a whole, there are large subsidies to oil companies, but in the U.S. they're relatively small. But maybe you have some information I don't, and I am open to yours.
Who is Jes?
By the way, I favored Biden selling oil when the price was high. I've written about it over at EconLog and can give you some links if you're interested.
Re pushing back, the best way, if there are subsidies to oil companies, is to reduce or end the subsidies.
“What are the subsidies that oil companies in the U.S. are getting?”
Dollars to doughnuts the person making that claim is parroting the ridiculous leftist position that oil and gas depletion allowances in the tax code to account for the depreciating value of the asset in question are a “subsidy” to oil companies.
Because after all, your income and wealth are in fact the government’s property to take forcibly under the threat of physical violence if you do not comply, and so anything leftists don’t like that gets in the way of the government appropriating more money is a subsidy…