Comments on: Since car gasoline is an inelastic good, would it be a good idea to put a price ceiling on car gasoline? http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/ Mon, 21 May 2012 16:47:06 +0000 http://wordpress.org/?v=2.7 hourly 1 By: avs816 http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/comment-page-1/#comment-5507 avs816 Mon, 25 May 2009 17:02:11 +0000 http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/#comment-5507 Price ceilings always sound good to the people, but are absolutely always a bad idea. There is no debate on the subject. Price ceilings always sound good to the people, but are absolutely always a bad idea. There is no debate on the subject.

]]> By: Bob H http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/comment-page-1/#comment-5506 Bob H Sat, 23 May 2009 21:54:22 +0000 http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/#comment-5506 Absolutely not. The way governments work, it would be $100 a barrel for the gas, and $200 to keep track of where it goes. Then there'll be the bootleg gas, and the black tankers, and another police force, and branch of the IRS to stop gas smuggling. Even the thought is a disaster. Absolutely not. The way governments work, it would be $100 a barrel for the gas, and $200 to keep track of where it goes. Then there’ll be the bootleg gas, and the black tankers, and another police force, and branch of the IRS to stop gas smuggling. Even the thought is a disaster.

]]> By: Danajaan http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/comment-page-1/#comment-5505 Danajaan Thu, 21 May 2009 08:16:05 +0000 http://www.cargearusa.com/blog/since-car-gasoline-is-an-inelastic-good-would-it-be-a-good-idea-to-put-a-price-ceiling-on-car-gasoline/#comment-5505 Not really...any binding price ceiling causes shortages. We tried this strategy in the 1970s, and it didn't work so well. It would be especially bad in the global economy. If Americans aren't willing to pay for the oil, it will be sold to other nations who will. That would decrease the supply curve in the US, in addition to decreasing the quantity supplied. Not really…any binding price ceiling causes shortages. We tried this strategy in the 1970s, and it didn’t work so well.

It would be especially bad in the global economy. If Americans aren’t willing to pay for the oil, it will be sold to other nations who will. That would decrease the supply curve in the US, in addition to decreasing the quantity supplied.

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