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Fred E. Foldvary
Government officials, media commentators, and even some economists are leaping to the mistaken conclusion that the financial waterfall of 2008 is a colossal market failure.
California's election on November 4 will include propositions on restricting and subsidizing energy. Libertarian says Vote No on Propositions 7 and 10, because these measures would reduce energy efficiency and raise costs.
Speculators have been blamed for driving the price of oil up to $140 or more per barrel, but if that is the case, there is a simple remedy.