Saturday, May 31, 2008

Pompous Political Peacocks are posturing while

citizens are actually making effective, efficient decisions to adjust to higher oil prices.

The politicians will do something but, as always, it will be counter productive and too late to help anyway even if it were effective.

Professor Perry gives us the details
To help offset high gas prices, the 4-day work week is coming back (just like it became popular in the 1970s and early 1980s when gas prices rose); just another example of how consumers will find many ways to deal with $4 gas: buying smaller cars (see post below), driving less, and working four 10-hour days instead of five 8-hour days to achieve 20% savings, etc.

Bottom Line: Markets adjust, consumers adjust, producers adjust, employees adjust, employers adjust, everybody makes adjustments; that's part of the miracle of the market - continual adjustments to the never-ending dynamic changes in the economy and the marketplace.