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Thursday, August 25, 2005

Speaking of Bad Ideas (Because We Were, You Know)

This seems like a mighty bad idea to me.

Controlling consumer costs for gas at a local level won’t actually change the cost to providers.

That is, just because a governing state board tells me that I have to sell pens for $1 a piece doesn’t magically change the actual value of that pen if my supplier sells them to me for $1.25. That means that one of two things happen: either I stop selling pens or, as McGehee points out, I could raise the price of other goods to offset the loss in revenue.

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