Words Worth Noting - July 27, 2022

“Economists may not know much. But we know one thing very well: how to produce surpluses and shortages. Do you want a surplus? Have the government legislate a minimum price that is above the price that would otherwise prevail. Do you want a shortage? Have the government legislate a maximum price that is below the price that would otherwise prevail.”

Milton and Rose Friedman Free to Choose quoted by Eustace Davie, Director, Free Market Foundation, South Africa, in Fraser Forum July-August 2007