Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterLetter: Let the market dictate prices
Monday, Feb. 5, 2001 | 10:32 a.m.
By imposing price caps on retail sales of energy, California politicians effectively pumped up demand and throttled supply simultaneously, an obvious recipe for disaster. This government mismanagement of California's energy sector illustrates a simple but critical lesson in basic economics that applies to other sectors as well.
Liberal politicians often promote the same sort of ruinous price-control policies in the health care sector, but obviously price controls on medicine and other health care products and services will have the same disastrous effect in the health care sector that they had in the energy sector.
Supply, demand and prices of medicines and other health care products and services should be set by democratic, free-market forces, not by arrogant government bureaucrats in Washington.
TIM BEAZLEY
archive
- Most Read
- Discussed
- Most E-mailed
- Carl Icahn offers $156 million for Fontainebleau, outbids Penn National
- Ex-ACORN official gets probation for voter registration plan
- Report details events leading to officer’s fatal shooting
- Vegas-based Majestic Star Casino seeks bankruptcy
- 3 arrested in shooting of Metro officer appear in court
- Wynns agree on ‘amicable’ split of assets in divorce
- Golden Nugget opens $150 million, 500-room tower
- Former Gov. List: Health care bill ‘so liberal,’ will cost Reid
- Sluggish starts plague Rebels in early games this season
- Could the game be partly to blame for addiction?
Blogs
High School Sports Scene
Prep Football: State Semifinals Picks
Shark Bytes
Sharing some Thanksgiving traditions
The Kats Report
Oscar Goodman sounds like a man not running for governor
Robin Leach's Las Vegas Celebrity Watch
And the Season 9 winner of Dancing With the Stars is …
Elsewhere
Sen. Steven Horsford parked in handicap spot for hours (21 Comments)
Now and Then
Rory in disguise ... with glasses
Politics: Ralston's Flash
Angle: I am better than all other Republicans against Harry Reid and here's why (1 Comment)
Calendar »
- 25 Wed
- 26 Thu
- 27 Fri
- 28 Sat
- 29 Sun
-
Food drive at LAX
LAX Nightclub | 10 p.m. to 11:59 p.m.
-
Judge Jules at Godskitchen
Body English | 10:30 p.m. to 11:59 p.m.
-
Univision TV hosts at Blush
Blush Boutique Nightclub | 10 p.m. to 11:59 p.m.
-
Mischieve Wednesdays at T&T
Tacos and Tequila
The Sun
Locally owned and independent for more than 50 years.
