Relacionado a lo que decía en su columna anterior, Thomas Sowell sobre las propuestas de controles de precios para el petróleo y sus derivados:
This issue, like so many others, is likely to be settled on the basis of rhetoric. And, on that basis, the left has always had the advantage. As former House Majority Leader Dick Armey -- an economist by trade -- has put it: "Demagoguery beats data" in political battles.
The demagoguery in this case is that "price gouging" and "greed" explain rising gasoline prices -- and that price controls will put a stop to it.
It is an exercise in futility to try to refute words that are meaningless. If a word has no concrete meaning, then there is nothing that can be refuted. "Price gouging" is a classic example.