Earlier I received this email from a reader of this blog:
Over the weekend when I first read about Gov limiting the energy trading I felt it was a positive move. I'm now rethinking that it may not be the best option. We're beginning too many Gov controls in the free enterprise system.
Here is what I wrote back:
Gov't controls on activities that provide no real value to the economy are not something to worry about. In my opinion we SHOULD be dis-incentivizing this kind of activity. Too much of our economy and national income comes from paper flipping and/or hoarding of assets. In the long-term this is not productive and it sets us up for a situation down the road where we don't have enough of the real assets that we'll need as a society in order to live quality lives and have a high standard of living.