2008.09.30
Discuss Tuesday's editorials
The bailout flames out
The House rejected Treasury Secretary Paulson's approach, even with caveats. It's time to look for a new way to ease this looming crisis.
Despite dire warnings from President Bush and leaders on both sides of the aisle that economic disaster loomed without action, the House of Representatives failed Monday to pass a controversial $700 billion bailout of the financial system.
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On the hunt for a solution
Hunting with Hounds offers a compromise proposal that will satisfy few.
Among the principles Virginians hold sacred are the right to enjoy one's property without government intervention and the right to hunt. When the two principles collide, as they do with hound hunting, the government is asked to referee. Currently, hunters hold the advantage as the government allows them to traipse across private property -- even if it's posted no trespassing -- when they are in pursuit of their hounds. Landowners argue the government is taking use of their property. Besides, no other dog owners can allow their animals to run freely. Why shouldn't hunters be required to call off their hounds when they stray?
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These stupid "price gouging" laws are a bunch of liberal feel good junk! In a free market, when supply is lower than demand, prices rise to discourage use of whatever the commodity. When supply is higher than demand, the price falls to encourage more use of the commodity. If I have 3 sheets of plywood and 10 buyers, I raise the price to whatever the most diligent buyer will pay to keep the less diligent buyer from buying it. If I have 10 sheets of plywood and one buyer, I lower the price to encourage the single buyer to take as many as possible. In the former example, if the diligent buyer will pay $30 per sheet and the others are only willing to pay $10, who should get the plywood? Seems too simple to me.
Comment by pc jacksonville,fl USA — September 30, 2008 @ 10:18 pm