Please link to http://paleo.vox.com/ for this great piece on how capitalism can be screwed up with just a little thought and preparation.
One of my favorite parts in The Politically Incorrect Guide to Capitalism by Robert Murphy is the section on price controls, or more specifically rent controls. Dr. Murphy hits the subject out of the ballpark. To give you all a taste (and a reason to buy the book!), in this entry to The Paleo Blog, I provide a summary, with my own version and comments or observations, of what he says in it. I also include a few empirical examples taken from Basic Economics: A Citizen’s Guide to Understanding the Economy by Thomas Sowell.
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