One of the things the Bush Administration did right was to let market forces play out when crude prices skyrocketed past $130 per barrel last year (now it’s back to $40). There was an enormous temptation for government to do something about the pain everyone was feeling at the gas pump. Proposals ranged from imposing a windfall profits tax to a suspension of the gas tax.
Sometimes the best answer is to do nothing. Let’s remember that lesson in the months ahead.
No comments:
Post a Comment