In response to:

Price Controls Are Exacerbating the Damage of Hurricane Sandy

jseifert Wrote: Nov 06, 2012 8:28 AM
Fidel, Try reading F.A. Hayek's "Road to Serfdom" or anything by Milton Friedman. Alan Greenspan, and the other neo-socialists, managed to flush down the tubes the dividends of 40 years of unprecented technological growth. The next forty years will not see this kind of productivity increase. Neo-socialists trying to ignore people like Adam Smith will prove to be very painful for all.
Timgabz Wrote: Nov 06, 2012 8:52 AM
From your comments you don't seem to have read "Road to Serfdom" or you have had a glance and haven't understood it.

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.