Saturday, December 27, 2008

Friedman Win, Win, Win, Win, Win ... - NYTimes.com

Win, Win, Win, Win, Win ... - NYTimes.com: "Which play? The one where gasoline prices go up, pressure rises for more fuel-efficient cars, then gasoline prices fall and the pressure for low-mileage vehicles vanishes, consumers stop buying those cars, the oil producers celebrate, we remain addicted to oil and prices gradually go up again, petro-dictators get rich, we lose. I’ve already seen this play three times in my life. Trust me: It always ends the same way — badly."

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