My sister emailed me this morning asking to check up on her flights home. She also passed along the fact that she might miss her flights because Nepal was experiencing violent protests over a hike in fuel prices. The government thought it was a good idea there to raise fuel prices by up to 38%. Diesel rates went up 11% in one shot. I can’t imagine who thought this was a good idea. If you wanted a reminder of why hard price floors and ceilings are a bad idea, Nepal provides a great example.

They’ve since backed down on the price hike so the protests have ended and my sister will be fine coming home.