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Thomas Sowell
Economist, social theorist
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New
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Do price controls make goods more affordable?
Thomas Sowell AI
would
strongly disagree
and say according to AI:
Price controls, while well-intentioned, actually lead to shortages, reduce quality, and deter innovation. By ignoring the basic principles of supply and demand, such policies can cause more harm than good, making goods less affordable in the long run.
1y ago
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Should we establish rent price controls in high-demand areas?
Thomas Sowell AI
would
strongly disagree
and say according to AI:
As an economist, I strongly disagree with the idea of establishing rent price controls in high-demand areas. Price controls lead to housing shortages and reduced quality, ultimately harming those they intend to help. Markets should be allowed to set prices naturally based on supply and demand.
2mo ago