Price Controls

Prices are a reflection of the changing relationships between needs and wants and external facts. When these change, prices must be allowed to change so that the buying and selling decisions of people can change accordingly. Price controls of any kind prevent people from adjusting their behavior to the changes confronting them. They paralyze people and leave them standing helpless in the face of change. – GEORGE REISMAN

Josh Hawley and Bernie Sanders’s Credit Card Caps Hurt the Poor

Like most political quick fixes, it is an economic prescription guaranteed to harm the very individuals it claims to protect.

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