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Hornberger’s Blog: August 2005

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Wednesday, August 31, 2005 Maybe it’s too much to hope for rational economic thinking among Louisiana and Mississippi government officials, but residents in those hurricane-stricken areas ought to hope that their politicians don’t follow the lead of Hawaii politicians and bureaucrats, who recently imposed price controls on gasoline, which will inevitably produce shortages, long lines, angry tempers, and nasty words hurled at OPEC. All too often, political rulers believe that they can simply repeal the laws of supply and demand. The price system is nothing more than the intricate message-sending part of the free market. Skyrocketing prices send an urgent message to consumers: “Conserve!” and they (along with the prospect of high profits) send an equally urgent message to suppliers: “Supply!” When government officials impose mandatory price controls, they screw up this intricate messaging system. By enforcing artificially low prices, the ...

Hornberger’s Blog, December 2003

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Wednesday, December 31, 2003 Our federal daddy is once again taking care of his adult-children, this time by banning the diet and bodybuilding supplement ephedra, which daddy says is dangerous. No, adult-children cannot be expected to make this decision themselves because daddy says that they are incompetent to do so, despite the fact that most of them are graduates of public (i.e., government) schools. Interestingly, the decision was made by unelected dictocrats rather than the elected members of Congress, reinforcing the popular view regarding the nature of freedom—that people are free when regulatory bureaucrats are free to issue edicts designed to take care of their people. Interestingly, daddy’s ban doesn’t go into effect for a couple of months, enabling his adult-children to continue purchasing and stockpiling the drug and ingesting it long after daddy’s ban has gone into effect. Oh well, no parent is perfect, right? Tuesday, December 30, 2003 As part if it’s war on terror, the FBI has alerted 18,000 ...

Hornberger’s Blog, May 2003

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Saturday, May 31, 2003 The feds have finally secured the conviction of Fabio Ochoa, who was a leader of one of the world’s most famous drug cartels in the 1980s -- the Medellin cartel, which was based in Colombia. Assistant U.S. Attorney Edward Ryan, who prosecuted the case, announced: “We consider it a validation of this country’s efforts to crack down on trafficking of cocaine.” Say what? What in the world could he be talking about? If he’s referring to the government’s commitment to continue waging the war on drugs, which has been going on since at least the 1970s, why would anyone need any validation of that? Who doubts that the feds remain committed to doing what they’ve been doing for the past 30 years -- prosecuting and convicting drug dealers and drug users? In fact, the process has been going on so long that it’s difficult to stifle a yawn whenever one hears of a new drug conviction or a ...