Although Americans have been grousing about the price of gasoline, the truth is that pump prices are still not high enough. As high as prices might seem today, they do not reflect the true costs of oil.The free market normally does an excellent job of allocating society’s scarce resources because prices usually incorporate all relevant costs andRead More
The Iraq morass looks bleaker every day, with American casualty numbers rising and the expenses associated with military deployments raising questions of affordability. Yet in testimony to Congress last month, the commander of American forces in the region, General Tommy Franks, maintained that American troop levels — now numbering about 148,000Read More
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