Adam Smith: “Have you people learned nothing?”

Adam Smith, Oil, Free Market EconomicsNearly every pundit will tell you, filling up your car for $4/gallon is here to stay. Perhaps these are the same people who claimed last year that if you didn’t buy a house, you’d be priced out of the market forever. And now, as real estate prices slip steadily downward we are watching the market adjust. You see, this is called supply, demand, and market adjustment and it will happen with oil, just as it happened with houses. So don’t listen to liberal media claims of “$4.00 is forever” they’re only trying to depress you – and the economy.

Oh, and one more thing, oil’s been doing this for the last half century. Let’s learn from history for a change, eh?