Don’t Fight the Market: A Price Mechanism Masterclass - ep296
Economics Explored - A podcast by Gene Tunny - Saturdays
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Show host Gene Tunny breaks down why price controls are one of the most consistently failed economic policies. Using vivid historical examples from the 1970s US, the Soviet Union’s command economy, and Venezuela’s toilet paper crisis, he illustrates how interfering with the price mechanism leads to shortages, inefficiency, and unintended consequences.
