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On California’s Rising Gas Prices

Posted Oct 16 2012 12:00am

The episode may also serve as a reminder that the more layers of regulation we put on commerce, the less resilient is the system when something goes wrong. – Jim Hamilton

For Californians (like myself) who want to know why gas prices spiked more than 50 cents in about a week, you can read a more detailed Dr. Hamilton’s explanation here .

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