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 | Profits and High Prices: More Economic Nonsense Posted by Peter Skup on 11/14, 2:47am | |
| Anyone with even a basic understanding of economics should have seen it coming: our leaders are threatening oil companies for making money off higher prices, writes William Anderson. Neither Republicans nor Democrats are being helpful. Democrats call for price controls or new taxes on oil company profits, both of which are downright destructive. Republicans, on the other hand, are demanding that oil companies "reinvest" their profits in new refineries, more exploration, and the like. | ||
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