Quote:
Originally Posted by woj
I'm sure there was some care used to determine the $0.08 value, it's not like they just randomly picked that,
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Remember the bailout?
"
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number.""
http://www.forbes.com/2008/09/23/bai...23bailout.html
Quote:
Originally Posted by woj
it was probably debated for months until politicians, environmental groups, oil companies, etc reached an agreement...
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Only the market can determine prices. Panels of politicians, experts, lobbyists etc can never replace the market. The soviets tried it and failed, Hugo Chavez tried it and failed,...
For more info:
http://en.wikipedia.org/wiki/Economi...lation_problem
Quote:
Originally Posted by woj
It may be high or low, no one really knows
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Exactly.
In a free market system, the price mechanism would be able to do its job and take care of that.