Quote of the Day: 20 October 2022 #QotD

“When left to their own devices, prices tell us vital information about our economy. They pinpoint scarce resources, indicate consumers’ wants, and drive entrepreneurship and innovation. But when the government attempts to cap prices to ‘protect’ consumers, this information becomes distorted.” -Aadi Golchha
[As with all protectionist schemes, it merely distorts market forces in an attempt to favor one group over another. This only leads to bad outcomes for the vast majority, and a few folks who benefit.]