The Limits of Government Intervention in Economics

This chapter explores the inherent limitations of government intervention in the economy, emphasizing that economic laws remain unchanged by political promises. It uses the contrasting examples of North and South Korea to illustrate the impact of economic systems, while also examining the complexities of price gouging amidst inflation and questioning the morality of price increases in a free market. Additionally, the chapter discusses historical price control attempts, highlighting their inefficacy and the unintended consequences on housing supply and affordability.