Wednesday, March 31, 2004

Political Stuff

Kerry has alleged that high gas prices are the fault of Bush catering to oil interests. C'mon folks, I know you think Bush is dumb, but even he's not dumb enough to manipulate higher prices in an election year. Kerry's solution, meanwhile, is to stop stockpiling oil. Yeah, if we stop saving money, we'll have more to spend!

And at last a study shows that public funding of baseball stadiums isn't necessary for them to be profitable. Not that this makes a difference into whether they should be publicly funded--if they weren't profitable, it would indicate too little interest to justify building them. But free market baseball fans should be happy to learn this will not be necessary.

Interestingly, the opposing viewpoint only argued that teams would make less in profits if they had to pay for the stadium themselves than if the public did--and thus teams in private stadiums would get less back than teams in public stadiums. Obviously. But government isn't supposed to be in the business of removing risk and maximizing profits for private businesses.

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