Connecticut Commentary: Red Notes from a Blue State

Robert Thorson is a professor of geology at the University of Connecticut's Liberal Arts and Sciences and a member of The Hartford Courant's Place Board of Contributors. His columns appear frequently on the paper’s op-ed pages. The Liberal Arts at UConn are, as elsewhere in academia, very liberal. Mr. Thorson is certain he knows how the rest of us will know when gas prices are “high enough.” The attentive reader will notice that Mr. Thorson did not write “too high” but used the formulation “high enough.” That is because Mr. Thorson ardently believes that gas prices in Connecticut, now cresting above $4 and heading towards $5, are not as high as they should be. The price of gas will be high enough, Mr. Thorson advised in a column published on May 5, 2011 , when: “… drive-through lanes at fast-food restaurants and doughnut shops would not be lined with mostly oversized vehicles carrying mostly oversized people toward food energy. “…the carpool lanes on local interstate...

We are all a bit stupid about the economy. That is because economics really is the dismal science -- except for two groups of people: Ron Paulites, along with Andrew Jackson, the natural enemies of fiat money, and George Sorosites, ambitious malefactors of great wealth who in this age of get rich quick schemes want to get even richer quicker. Most of the rest of us fell asleep in economics class when the talk turned to inflation, deflation and fiat money. We thought fiats were cars. George Soros, the sugardaddy of the left best know as a short-buyer who broke the bank of England, and Austrian economist Ludwig von Mises, were wide awake in class. So was Peter Schiff, now running for the US Senate against too long-time incumbent Chris Dodd. Von Mises, the author of “Human Action,” still the best economic book in our fragile Western world, died with empty pockets; Soros continues to rake in the dough. He will die a rich man, his mouth stuffed with dollars rather than earth, after...