Sunday, November 30, 2008

Chortle of the Day

Gas prices have sunk like a stone lately, which is good news, except to those targeted by Peter Klein's (Associate Professor of Applied Social Sciences at the University of Missouri) satire on the Organizations and Markets blog:
Please join me in support for poor, beleaguered gas station owners, the victims of unconscionable price gouging by ruthless consumers who are taking advantage of market conditions to reduce their demand for gasoline, driving down the price by nearly $2 per gallon over the last four months. Fortunately, governments are swinging into action. Georgia governor Sonny Perdue issued this statement: "The financial crisis has disrupted the consumption of gasoline, which will have an effect on prices. However, we expect the prices that Georgian gasoline station owners receive at the pump to be in line with changes in consumers’ incomes and the prices of substitutes and complements. We will not tolerate consumers taking advantage of Georgian business owners during a time of emergency."
(via Coyote Blog)

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