Source: Reason
by Veronique de Rugy
“Prices are the manifestations of countless decisions by buyers and sellers, each acting on individual knowledge no one else has. No buyer’s budget and needs, and no seller’s costs and offerings, are identical. Only a free market can account for this and decide whether a price sticks. Creating laws to cap prices doesn’t make scarcity go away. It just shows up as empty shelves instead of a market-determined price.” (10/08/26)