The Perennial Ignorance

Power Line

In my judgment, the most destructive thing that any government can do, second only to hauling its citizens out of their beds and having them shot, it to endeavor to fix prices. The folly of price controls is as well established as heliocentrism, and, when a populace is ignorant on this basic point of economics, disastrous consequences can result.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s