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Jack P

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About Jack P

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  1. “They will put up prices at the drop of a hat and need to be regulated by the government to keep them remotely fair and in line.” I’ll pass on journalists giving economic advice. Prices can’t rise more than people are prepared to pay. Setting price caps pretty much ensures a shortage and creates resistance to new actors entering the market to compete prices back down. Take a look at Venezuela to see the widespread disaster this kind of state meddling creates.
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