Wednesday, May 23, 2007

Governor Corzine et al

Apparently, NJ Governor John Corzine joined 26 other state governors to sign a letter to Congress asking them to investigate the oil companies for price gouging.

Since Corzine was a senior executive at Goldman Sachs, where he became a multimillionaire (if indeed not a billionaire), I expected that he had some fundamental grasp of supply and demand, and the price function in a market economy.

Perhaps crashing at 90 miles an hour without a seat belt injured more than just his ribs....I can't believe he doesn't understand economics at that basic level...he is too honorable a man just to grandstand on this issue.....

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