Uber’s Peaceful RevolutionJeffrey A. Tucker October 06
Ridesharing Is Accomplishing What Decades of Policy Papers Failed to Achieve
The decades-old ban on crude oil exports is anachronistic, completely disregards basic economics, and on top of it all, arguably makes gasoline more expensive for American motorists.
In early September, a House subcommittee voted to lift the US government’s ban on crude oil exports, which has been in place since the 1970s. The fact that we are even having this discussion shows just how crude (pun intended) public policy remains.
The Crude Oil Export Ban Is Anachronistic
Ludwig von Mises argued that the logic of interventionism could not stop short of full-blown socialism. Any isolated intervention — such as a price control on a particular product — would generate undesirable consequences, leading to further interventions.
The ban on crude exports sounds plausible to the man on the street for a simple reason: it forces producers to “keep oil here at home” for Americans to use, rather than selling it to foreigners.
We see this pattern in the case of oil. In response to the price sur…