Wednesday, September 20, 2006

Oil price conspiracy 

Betsy's Newmark discusses oil price shortages, and concludes that the conspiracy theories we hear now are a product of the drive-by media.
[I]f the media and irresponsible politicians hadn't spread the word in the first place that there was some evil cabal behind the price increase in the first place, perhaps people wouldn't be so ready to believe the Republicans were behind every fluctuation.
Doug can't believe 40% of Americans could be foolish enough to believe that there is all this price manipulation. But look at the state of American economic education. Everyone says it's important to know economics, but 28% flunk a basic quiz administered by the National Council on Economic Education. Students do much worse.