Airfares, Tution, Health Care and Government

In 1979 the federal government ceased its regulation of airfares. The first chart below summarizes what has happened since then. Contrast that to the cost of tuition and health care, industries where government is increasingly involved in both the operation and subsidization of service.

Remember this economic rule: The price of goods and services varies directly with the degree of government involvement. What do you think the odds are that more government involvement with health care and college financing will bring down those costs?

We Don't Need No Stinkin' Energy Policy

Mark Perry noticed how the US oil and gas industry has pivoted over the last few years from producing more gas produce more oil. How could this possibly have happened without a National Energy Policy directing them to do so? Is it possible that this occurred simply because the market price of gas fell while the market price of oil was rising?