Videos
Thomas Sowell: Price Control is the Formula of Socialism
By
Bryan Lutz - August 14, 2024
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Studying history can help us understand the consequences of price control and utopian policies, and how they can lead to disastrous results.
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Studying history makes you realize how long people have been doing the same foolish things with the same disastrous results.
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Price control can have devastating consequences, as seen in the aftermath of World War II.
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Price control can lead to unintended consequences, as seen in international naval agreements limiting the size of battleships.
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Utopian feel-good policies led to even worse horrors in the second world war.