Beware the Free Market Zombies

We saw it with Enron and we are seeing it again with oil prices: Free Market Zombies. Free Market Zombies are pundits who are so indoctrinated with a blind, almost religious faith in the inherent wisdom of free markets that they are unable to see the obvious.  These unthinking zombies will explain blatant signals of price gouging as the effect of the "law of supply and demand."   What's more, they will continue to do it even when the evidence of price manipulation is overwhelming. In this article, analyst Charles Langley explains how gasoline prices are manipulated, and what needs to happen before regulators can begin fixing the problem of dysfunctional gasoline markets. See Gas Hogwash: it's all about supply and demand.