Blogs > Liberty and Power > Oil Costs Up, House Prices Down--Good News

May 25, 2008 5:33 am


Oil Costs Up, House Prices Down--Good News



The market has delivered in months what the Treasury failed to force on us, a better husbanding of scarce resources.

Although libertarians wouldn't agree with everything Simon Jenkins writes here, he presents his crucial argument about the role of the price mechanism in allocating scarce resources rather well.

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