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De Omnibus Dubitandum - Lux Veritas

Monday, January 31, 2022

The Case Against Price Controls, Part II

January 17, 2022 by Dan Mitchell @ International Liberty

To explain why politicians should not interfere with prices, I’ve shared videos from Marginal Revolution, Don Boudreaux, Learn Liberty, and Russ Roberts. To add to that collection, here’s part of a lecture by Professor Antony Davies. The bottom line is that price controls have a history of failure, anywhere and everywhere they’ve been tried. ...........

P.S. Politicians in Washington want to impose price controls on the pharmaceutical industry. That concerns me since I’m getting older and might be in a position where I would benefit from new therapeutics. But companies will have much less incentive for research and innovation if government makes it very difficult to make money............To Read More.....

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