Thursday, June 20, 2013

“the intellectual equivalent of drunk driving.”

The Foundation for Economic Education’s Sheldon Richman once said that advocating policies when you don’t understand their unintended consequences is “the intellectual equivalent of drunk driving.”   If you’re advocating price controls and don’t understand what the laws of supply and demand have to say about your proposal, you aren’t courageous or compassionate.  You’re dangerous.

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