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Bobhimself
of Fall River, MA
Now they are talking about the 55 mph thing again.
It took 30 years to get that repealed.
That Hillary/McCain 18 cents summertime tax cut would be nice now. BS on the $28 number Obama used. If it did pass, they would blame the current increase on it.
Showing my age: It was said; Vote for Goldwater and we will be in a war in Viet Nam. So we got LBJ and the war anyway.
Ask a High School Student who was LBJ.report abuse
Jul 7, 2008 6:40 PM
Slow Down. About somewhere around the speed limit.
Now they are talking about the 55 mph thing again.
It took 30 years to get that repealed.
That Hillary/McCain 18 cents summertime tax cut would be nice now. BS on the $28 number Obama used. If it did pass, they would blame the current increase on it.
Showing my age: It was said; Vote for Goldwater and we will be in a war in Viet Nam. So we got LBJ and the war anyway.
Ask a High School Student who was LBJ.report abuse
Matt L
of Saco, ME
It's a nice simplification.
I skimmed the WSJ article. Pretty good article regarding price elasticity.
I listened to an excellent podcast yesterday that may interest you if you are into listening to podcasts. If not the highlights are there to read.
http://www.econtalk.org/archives/2008/06/don_boudreaux_o_1.htmlreport abuse
Jul 7, 2008 5:07 PM
Reverb,
It's a nice simplification.
I skimmed the WSJ article. Pretty good article regarding price elasticity.
I listened to an excellent podcast yesterday that may interest you if you are into listening to podcasts. If not the highlights are there to read.
http://www.econtalk.org/archives/2008/06/don_boudreaux_o_1.htmlreport abuse
Reverb
of Haverhill, MA
I assume that your curves were not meant to convey any kind of real scale or proportion, but it would be neat to see that in real life situations of commodities. That reminded me of a recent WSJ column about oil prices, and how it could take a 100% price increase to reduce worldwide demand by by 10% (they used corn as an example).
http://online.wsj.com/public/article_print/SB121486800837317581.html
Interestingly, oil prices plunged by ~$4 today on news of a stonger $, among other factors.
http://biz.yahoo.com/rb/080707/markets_oil.html
Perhaps the proverbial bubble is bursting, or at least slowly deflating for the time being? Time will tell...report abuse
Jul 7, 2008 4:54 PM
Matt L - Nice curve!
I assume that your curves were not meant to convey any kind of real scale or proportion, but it would be neat to see that in real life situations of commodities. That reminded me of a recent WSJ column about oil prices, and how it could take a 100% price increase to reduce worldwide demand by by 10% (they used corn as an example).
http://online.wsj.com/public/article_print/SB121486800837317581.html
Interestingly, oil prices plunged by ~$4 today on news of a stonger $, among other factors.
http://biz.yahoo.com/rb/080707/markets_oil.html
Perhaps the proverbial bubble is bursting, or at least slowly deflating for the time being? Time will tell...report abuse
Robert Peel
of Bath, ME
Jul 7, 2008 4:17 PM
And the state of Maine just raised the gas tax again on july 1st as they do every year. Don't remember that being reported loudly by the village idiot Baldachi loving PPH.report abuseYou must be a registered user of MaineToday.com to post a comment. Register or log in.
