Wednesday, August 27, 2008

Some Answers On Rising Costs

From a recent article:
Why are American fuel prices approaching $5 per gallon? Why are food and electricity prices on their way to doubling? Why are economic conditions chaotic? The reason is simple. Americans no longer possess the freedom to produce the goods and services required to maintain their former standard of living. Taxation – both direct and indirect through currency inflation, runaway government regulation and government-sponsored-and-encouraged litigation have reduced the productivity of Americans below that required to maintain their way of life. This tyranny – this economic slavery – has been produced entirely by the federal and state governments of the United States.
It's worth the read, it's not too long, and has some real answers for those who really want to know.

An additional comment from the article:
There are no resource limitations, technological limitations or geopolitical reasons for the current energy shortages and high prices. These shortages and prices are solely the result of taxation, regulation and litigation that have stifled American energy-producing industries.
Pretty damning, if true, and here we are, arguing over which Washington insider we want as our next president.

Sad.

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