Truth on the Market
President & Founder, International Center for Law & Economics
The cartoon is kinda funny– the fungibility of oil is an important thing that people overlook.
But it overlooks (1) that reducing demand would reduce the amount of money going to the purchase of oil and (2) that increasing demand for alternative sources of energy will encourage scientific advances that reduce oil consumption.
Maybe it’s time to think about a law school class that uses nothing but Dilbert cartoons as the reading.
Best cartoon EVER!!!!!
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