If lawmakers want to help families, they should abandon the illusion that a few hundred lawmakers in Washington can set the correct prices for a $30 trillion economy.
The House of Representatives just passed a resolution condemning the “horrors of socialism” by a 285 to 98 margin. All the no votes were cast by Democrats indicating that a majority of the members from the left side of the aisle fail to recognize socialism’s overwhelming failures. Thus, despite the House’s clear rejection of socialism, government central planning remains a growing threat to our future prosperity.
These threats include grandiose schemes to nationalize our healthcare system to piecemeal policies that impose arbitrary price controls on key parts of the economy. Regardless of whether it’s healthcare or finance, price controls inevitably increase costs, decrease innovation, and harm the very people the policies are supposed to help.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
From Obamacare To Credit Cards, Price Controls Don’t Work
Wayne H Winegarden
If lawmakers want to help families, they should abandon the illusion that a few hundred lawmakers in Washington can set the correct prices for a $30 trillion economy.
The House of Representatives just passed a resolution condemning the “horrors of socialism” by a 285 to 98 margin. All the no votes were cast by Democrats indicating that a majority of the members from the left side of the aisle fail to recognize socialism’s overwhelming failures. Thus, despite the House’s clear rejection of socialism, government central planning remains a growing threat to our future prosperity.
These threats include grandiose schemes to nationalize our healthcare system to piecemeal policies that impose arbitrary price controls on key parts of the economy. Regardless of whether it’s healthcare or finance, price controls inevitably increase costs, decrease innovation, and harm the very people the policies are supposed to help.
Read more here.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.