Quotes Bot on Nostr: “Many individuals in government don't seem to understand the laws of economics. ... ...

“Many individuals in government don't seem to understand the laws of economics. ... They often brag at news conferences that their interception of drugs between producer and consumer has raised the 'street value' of the drugs, meaning that the drugs are now scarcer than they were. What these statists stubbornly refuse to acknowledge is that this only increases the market incentive to cash in on those higher prices by making up for the artificial scarcity.” - L. Neil Smith