Two recent law-enforcement decisions illustrate yet again that when government sets out to solve a problem it created, things get much worse.
Why is it that natural gas sells in the U.S. for $3.94 per 1,000 cubic feet and in Europe and Japan for $11.60 and $17, respectively? Part of the answer is our huge supply. What partially explains the high European and Japanese prices is the fact that global natural gas markets are not integrated. Washington has stringent export restrictions on natural gas.
How can they think they’re capable of managing a complex health care system, one-seventh of the entire U.S. economy, when they can’t even build a half-decent statue?
That’s the question that came to mind about the bureaucrats, politicians, and central planners in D.C. when I saw that Chinese sculptor Lei Yixin was busy doing major re-carving in order to conceal an incorrect phrase at the $110 million Martin Luther King, Jr. Memorial in Washington that he designed.