Most people want the government do to something about the high prices of gasoline, but I am not one of them.
Here’s a rerun from 11 months ago: “We know what it takes to get the price of oil down to $40 a barrel. It takes a global depression. It takes losing 500,000+ jobs a month in the U.S.”
I said this months ago, and it’s still true today. I won’t advocate for an economic recession so we can have lower gasoline prices.
Matt Y points out a good way to think about this is to imagine a Senator saying “I want to make gas cheaper by creating mass unemployment.”
Of course, there are other cures – like finding a miracle source of energy which comes from almost nothing.