There Are No 'Price Controls,' There's Just Scarcity

Prices are the way that a market economy organizes itself. It’s too easily forgotten, but it’s through naturally arrived at prices that providers of goods and services divine what to bring to market, and what not to.

A logical corollary to the above is that there’s no such thing as price controls, rather there’s just scarcity. When prices of goods are not allowed to reach natural levels thanks to governments substituting themselves for the marketplace, scarcity is the inevitable result. Put another way, there’s no such thing as a free lunch.

 

Read Full Article »


Comment
Show comments Hide Comments


Related Articles

Market Overview
Search Stock Quotes