9/13/2006

I found this interesting letter on Victor Niederhoffer site.

A letter from Donald J. Boudreaux to the New York Post
Dear Editor:

Falling gasoline prices are indeed welcome economic news ("It's a Gas! Pump Prices Fall to 6-Month Low," Sept. 13). But I worry about what these falling prices reveal about the ethics of American motorists. If rising gasoline prices are caused - as so many pundits and pols allege - by the greed of oil companies, must it not be true that falling prices are caused by the greed of consumers?

Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University

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