Thursday, October 10, 2013

The Unintended Consequences of Price Controls

"Prices are not levels that set value, they are metrics that respond to value." Antony Davies, PhD.

Mr. Davies explains in this video "The Unintended Consequences of Price Controls" on how this statement is true. Next, he shows how Minimum Wage Laws are not helping the unskilled laborers, the target labor segment of these laws. In fact, an argument can be made on how they actually hurt this labor segment.

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