On Gas Spikes and the Free Market

During the week of 9/11/2001 I wrote an editorial about the gas spikes taking place in a few towns in the Mid-West. Panicked individuals, shaken by the attacks, were swarming the gas stations for fuel. Gas station owners responded by raising the prices. My point was that this action — usually called profiteering — was not immoral, and indeed, was an example of what was, is and hopefully will always be right with America.

A controversial idea, at least in this day and age. I expected some sort of response and I got one, from Mr. Daniel Bishop. (Read the letter). As for my thoughts on his letter…

Read more