Supply ... and Demand

Gov. Steve Beshear and Attorney General Jack Conway certainly spooked the world oil markets this summer with their gasoline price-gouging press conferences. Oil has fallen more than $100 a barrel since July.

With prices falling the great economic debate will soon be what to do about wages.

In the 1930's, unemployment was kept high by wages that were fixed too high in an effort to artificially spur economic demand. We can only hope President Barack Obama doesn't take the same approach. Here in Kentucky, it's just another reason to repeal prevailing wage laws.