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Hard-headed economic analysis applied to important economic, social, and environmental issues.
Don’t Fight the Market: A Price Mechanism Masterclass - ep296
Economics Explored
42 minutes 5 seconds
2 months ago
Don’t Fight the Market: A Price Mechanism Masterclass - ep296
Show host Gene Tunny breaks down why price controls are one of the most consistently failed economic policies. Using vivid historical examples from the 1970s US, the Soviet Union’s command economy, and Venezuela’s toilet paper crisis, he illustrates how interfering with the price mechanism leads to shortages, inefficiency, and unintended consequences.
Economics Explored
Hard-headed economic analysis applied to important economic, social, and environmental issues.
