2 ms·
Price controls never work - they just change the currency you pay with from dollars to time, and housing quality. One of the few things Econ 101 is certain abo
by Wolfenstein98k 5y ago
Price controls never work - they just change the currency you pay with from dollars to time, and housing quality.
One of the few things Econ 101 is certain about is that price controls never work.
This cannot be said too many times. Price controls never work.
Not even if you really want them to.
The most basic lessons in economics cannot be taught too clearly:
https://en.wikipedia.org/wiki/Parable_of_the_broken_window https://en.wikipedia.org/wiki/Parable_of_the_broken_window