Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
Twitter thread from George Selgin.
"The Federal Reserve has taken a hawkish turn this month. But cutting monetary stimulus will not fix supply chains." This meme, used here by
, masks an elementary fallacy that badly needs exposing. https://theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1640776964… 1/n
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