I Think A Major Reason Why Intellectuals

Most Economic Fallacies Derive From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

Individual Price And Wage Changes Will Not Be Prevented. In The Main, Price Changes Will Simply Be Concealed By Taking The Form Of Changes In Discounts, Service, And Quality, And Wage Changes, In Overtime, Perquisites And So On…. But To Whatever Extent The Freeze Is Enforced, It Will Do Harm By Distorting Relative Prices.

Every Economist Knows That Minimum Wages Either Do Nothing Or Cause Inflation And Unemployment. That's Not A Statement, It's A Definition.

Making Prohibition Work Is Like Making Water Run Uphill; It's Against Nature.

And Where Are You Going To Get These Angels Who Are Going To Run Society For Us?