Four things have almost invariably followed the imposition of controls to keep prices below the level they would … - Thomas Sowell

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Quote of the day

No matter what your age and no matter where you come from, everyone can change the world in some way, whether it's being a mentor to someone younger than you or someone that doesn't have as much experience as you. If you're passionate enough, you can do whatever you want and definitely change the world.

Thomas Sowell

Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.

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