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Put Your Money Where Your Mouth Is
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Rob - 05:10am on 10/02/2006

A hilarious letter to the Washington Post from economist Donald Boudreaux:

Alleging that today’s falling gasoline prices result from a fiendish plot to keep the GOP in power, Kenneth Jones is certain that “gasoline prices will go right back up to $2.75-plus after the [November] election” (Letters, October 2).

If Mr. Jones is correct, he - along with others who share his belief - can make a financial killing.  All he need do is to invest all of his assets going long in gasoline futures (which are today about 30 percent lower than they were in late July).  Indeed, he ought even to cash out all the equity in his house, max out on his credit cards, and borrow heavily from his brother-in-law so that he can invest as much as possible in these futures.

He can then contribute his post-election financial bounty to the Democratic National Committee.

You can read my opinion of gas price conspiracy theorists here.


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