Basic economics

On the very first day in an introductory economics course, one learns that price caps lead to shortages. Case in point: price controls on prescription drugs lead to shortages. Good thing we’re extending price controls to all medical care. . .

This entry was posted on Sunday, February 12th, 2012 at 5:23 pm and is filed under Political. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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