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Why do price controls fail? This is how you create shortages explained by Milton Friedman. 🔊
10 条评论
Kamalas 25k for new home buyers will only make inflation worse, too. The best way to reduce inflation is no more government hand outs, and people buy and pay for their shit themselves.
It’s not hard, why invest in growth when the fruits of your labor are to be shared by decree?
They need to play Milton Friedman videos to kids in school.
Because when you set the price below the market rate, you create shortages. Supply and demand at work. Welcome to Econ 101!
How respected was Friedman's works? A 2011 survey of economists ranked Freidman as most popular economist of 20th century. Upon his death, The Economist described him as "the most influential economist of the second half of the 20th century ... possibly of all of it".[Wiki]
They know it fails everytime. It can lead to famine and weaken a country. It will also starve people and depopulate. These are all goals of progressives. They think we have too high of a population.
How to Make a Pencil Price fixing: the ultimate language barrier. When governments meddle with prices, they garble the universal tongue of value – and the market's meaningful conversations turn to gibberish.
Basically, if the demand is bigger than the supply, you'll get a shortage
its simple
Because Math.
