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  • price controls

    Green Jobs Are Con Jobs

    Bad energy policy usually involves repeating the mistakes made from 1970 to 1980 — windfall profits taxes, federally subsidized alternative energy sources, price controls, and others. All of these old ideas are back in play, even though their track record for worsening rather than solving the nation’s energy problems is … More

    What's the Story Behind Gas Shortages?

    In the 1970s when gas prices were soaring, the federal government implemented price controls to replace expensive gas with scarce gas, causing consumers to wait for hours to fill up their tank. Today, in the Southeast consumers are experiencing $4-a-gallon gasoline and scarcity. Some gas stations in the area have … More

    No Credit to Congress: House Judiciary Committee Votes on Price Controls

    In 1979, Robert Schuettinger and Eamonn Butler wrote a book called “Forty Centuries of Wage and Price Controls,” detailing 4,000 years of disastrous attempts by government to control market prices. Tomorrow, the House Judiciary Committee will vote on adding a 41st century to that litany of failure. The target: credit … More

    Nobody Buying Latest Liberal Line On Energy

    Liberals in Congress continue to blame anybody but themselves for the high price of energy today. Commenting on the passage of s bill directing the Commodity Futures Trading Commission to use their “emergency powers” to end “excessive speculation” in oil future’s markets, Speaker Nancy Pelosi said, “The American people should … More