Price Controls Cause Shortages - repost
In light of rising gas prices and the tendency of politiciams to take advantage of the situation, it seems that we need a reminder of one basic principal (before it is too late):
PRICE CONTROLS CAUSE SHORTAGES.
If you don't remember this or if your congressman needs a reminder, check out -
this link for a brief visit to the 1970's
or
this link.
We need to spread the word on this issue. [Check out this post for the importance of blogging about economic issues.]
Labels: economics, energy, Gary North, price controls
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