Quotation of the Day…

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… is from page 21 of John Lott’s 2007 book, Freedomnomics:

Although consumers may feel that they’re being ripped off when they see gas prices spike after a hurricane or realize that drugs are being sold far cheaper in foreign countries, there are in fact very subtle market mechanisms at play that increase supplies and eradicate market distortions. In these situations, the free market is working, and it’s ultimately working far more efficiently than any government-mandated controls would.