Quotation of the Day…

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… is from page 150 of Art Carden’s and GMU Econ alum Caleb Fuller’s superb new book, Mere Economics (footnote deleted):

Price gouging laws are “knowledge embargoes” that stop resources from flowing to their highest-value uses and prevent far-flung people from helping. In fact, price gouging laws force prices to “bear false witness” with mischief never lagging far behind. Specifically, the prices are being forced to lie about what, exactly, is available.