Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
Thomas SowellBecause many of us make mistakes that can have bad consequences, some intellectuals believe that it is the role of government to intervene and make some of our decisions for us. From what galaxy government is going to hire creatures who do not make mistakes is a question they leave unanswered.
Thomas SowellFor every expert there is an equal and opposite expert, but for every fact there is not necessarily an equal and opposite fact.
Thomas SowellEveryone may be called "comrade," but some comrades have the power of life and death over other comrades.
Thomas Sowell