Market Correction

Renaissance Congressman
27 May 2006

Editor, The Wall Street Journal
200 Liberty Street
New York, NY 10281

Dear Editor:

Not only a successful politician, Rep. Sherwood Boehlert is also an entrepreneurial mastermind. He knows (he says) that consumers will eagerly pay for more fuel-efficient automobiles (Letters, May 27). His entrepreneurial vision is singularly impressive in light of the fact that this consumer demand, this profit opportunity, is ignored by each of the 20-plus automakers now producing cars for the American market - ignored so consistently that Rep. Boehlert and his colleagues must mandate higher automobile fuel-efficiency standards to force auto makers to better meet their customers' demands.

We Americans should be grateful that our leaders possess such acumen as well as willingness to intervene in private affairs. Otherwise, we'd be left to take responsibility for ourselves, unprotected by the god-like wisdom of Renaissance (Congress)men such as Rep. Boehlert.

Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on Tuesday March 13, 2007 at 9:07am

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