In response to:

Price Controls Are Exacerbating the Damage of Hurricane Sandy

George257 Wrote: Nov 06, 2012 2:03 PM
obama's not stupid. He knows price controls will make matters worse. But many of the victims of Sandy are economically illiterate and will welcome the fact that he is doing something supposedly to help them. It's a populist move, but it's not intended to help anyone. The fact that price controls are harmful has been known for a long time.

Price controls are a spectacularly foolish idea, and that’s true whether they’re imposed by thugs such as Hugo Chavez in Venezuela or bureaucrats at the Department of Health and Human Services.

That’s why one of the 20th Century’s economic heroes is Ludwig Erhard, who unleashed the post-war German miracle by abolishing the price controls imposed by the allied powers.

Notwithstanding all this history, politicians oftentimes can’t resist doing the wrong thing, as you can see from this new Reason TV video.