Will our government finally slow down commodity overpricing before it topples the balance of our economy?

Question

Will our government finally slow down commodity overpricing before it topples the balance of our economy?

Answer 1

Commodity prices are world prices that people pay everywhere.  And not even the US government is in a good position to control world prices.

The US economy has already slowed down.  People are buying less gasoline and other goods.  But people in many other countries such as China, India, Russia, and all the OPEC countries are still buying more and using more than ever before.  And there is not much the US government can do about that.

Answer 2

There is no such thing as Overpricing in a Free Market.  The price of a commodity is whatever somebody is willing to pay to obtain that commodity. And whatever they are willing to pay is dictated by Supply/Demand for that commodity.

So if Oil Costs $130/barrel, its because somebody is willing to pay $130/barrel to obtain it. If those buyers dry up, the price will decline. If those buyers multiply, the price will rise.

Let Free Markets Work....

Answer 3

they are playing a very very dangerous game!!

prices are hitting high sky,

Answer 4

No.....

The problem is that the rich got too much money and the money doesn't go to the government....to benefit the people...instead the money is wasted by rich people...

If there was an increase tax on the rich of 30% to like 45%...the u.s economy would be greatly benefited...

This is one of the reason the economy is going to take so long to recover and there will be a lot of conflict with the u.s economy with oil..