There are many popularly supported laws based that are based on economic fallacies, like this Venezuelan law enacted in 2011: http://www.bloomberg.com/news/art

There are many popularly supported laws based that are based on economic fallacies, like this Venezuelan law enacted in 2011: http://www.bloomberg.com/news/articles/2011-11-25/chavez-price-caps-spark-panic-buying-of-coffee-toilet-paper http://www.bloomberg.com/news/articles/2011-11-25/chavez-pri... >>“The law of supply and demand is a lie,” Karlin Granadillo, the head of a price control agency set up to enforce the new regulations, said yesterday on state television. “These are not arbitrary measures. They are necessary.” Or the many rent control laws in place all across the US. Rent control is unequivocally a harmful law: https://www.econlib.org/library/Enc/RentControl.html https://www.econlib.org/library/Enc/RentControl.html