Monday, June 23, 2008

Stupidity Hurts, Stupidity in Economics Hurts Even More

Fuel Price Concern Transportation Joint Conference spokesman Stanley Chiang Chi-wai asked:

"If Hong Kong has a monetary authority to maintain currency stability, why can't it set up something similar to regulate the price of diesel and petrol?"

More here.

Yeah, Stanley, while you are at it, why don't we set up a body to regulate food prices (they are in the rise, aren't they?), rents (they too go up a lot as well?)...or what about we simply prohibit any price increase ? Wouldn't that be better?

What about your wage Mr Chiang, guess it has been rising huh? Should the government also set up a body to cap the wages in your sector as well? !

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