Quote

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.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Things
Levels
Conservative
Increased
Would
Almost
Market
Supply
Quality
Service
Markets
Deterioration
Four
Reach
Followed
Imposition
Free
Demand
Controlled
Invariably
Use
Products
Product
Controls
Black
Whose
Economics
Reduced
Keep
Level
Price
Prices

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The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
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How long do politicians have to keep on promising heaven and delivering hell before people catch on and stop getting swept away by rhetoric?
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The idealism of the left is a very selfish idealism. In their war against 'the rich' and big business, they don't care how much collateral damage there is to workers who end up end up unemployed.
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Those government officials who want more power are not going to stop unless they get stopped.
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Politeness and consideration for others is like investing pennies and getting dollars back.
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I am so old that I can remember when liberals were liberal - instead of being intolerant of anything and anybody that is not politically correct.
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In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
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