Bob Murphy has an excellent Youtube comment on the failure of government price regulation and why that has caused Gas line in the US after the Hurricane Sandy. Have a look – Bob explains well why government is likely to do more harm than good by regulating prices rather than letting the price mechanism work freely.
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Bob Murphy on the failure of price regulation
Posted in Robert Murphy
Tagged Robert Murphy, Sandy
Posted by Lars Christensen on November 8, 2012
http://marketmonetarist.com/2012/11/08/bob-murphy-on-the-failure-of-price-regulation/
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