Deregulation during emergencies proves we just get used to the pain.
That quick lesson is why I’ve been meaning to mention this article from Newsmax:
U.S. environmental regulators issued emergency fuel waivers on Tuesday to help alleviate shortages in reformulated gasoline in 12 states and the District of Columbia as supplies tighten five days after a cyberattack shuttered the nation’s biggest pipeline. …
On Sunday, the U.S. Transportation Department said it was issuing a temporary hours of service exemption for truck drivers transporting gasoline, diesel, jet fuel and other refined petroleum products in states that could be impacted by the pipeline shutdown.
Imagine how much relief could flood into our society on an ongoing basis if we reversed the spreading big-government cancer. Then prices could do what they’re supposed to do, allowing the market to reflect actual circumstances, rather than empowering bureaucrats to make these massive, and massively complex, tradeoff decisions.
Giving waivers for restrictions during times of shortage proves that the regulations are creating artificial shortages every day.
Featured image by Ale Sat.