According to NYMEX, light crude oil is down to about $124. That is $2.50 less than yesterday.
As my office mate Bob jests, gas will be free in 100 days if this market trend continues. It won't. But there is a good chance Caplan wins his bet with Cowen and Balan. Anyone interested in a side bet? Comments open.
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"But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime."
Frederic Bastiat
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