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Posts from December 0

Energy Price-Control Lessons for ObamaCare (remembering a classic WSJ editorial from 1979)

By Robert Bradley Jr. -- October 1, 2013

[This MasterResource post from February 2011 is reprinted for its relevance with the start of ObamaCare today. An uncomfortable question must be asked: what will happen in the health waiting rooms given what happened in the 1970s gasoline lines?]

For decades I have enjoyed the opinion-page editorials of the Wall Street Journal, both the unsigned editorials and the guest opinions. During the 1970s energy crisis, and today amid climate alarmism and the futile crusade to regulate carbon dioxide, the Journal has been a bastion of sound economic thought.

I was recently reminded of perhaps my favorite WSJ energy editorial of all, “Buffer of Civility,” published during the dark days of energy rioting in summer 1979 (yes, the U.S. experienced fuel riots from federal price controls that caused energy shortages).

What brought this to mind was another WSJ editorial,Sebelius’s Price Controls,” which reported on a 136-page price-regulating rule under ObamaCare–and this message to state governors from HHS Secretary Kathleen Sebelius

urging them “to prevent unjustified and excessive health insurance premium growth.”