The Memo by Howard Marks cover image

Shall We Repeal The Laws of Economics?

The Memo by Howard Marks

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The Economics of Price Regulation

This chapter explores the fundamental principles of economics, focusing on the limitations of government intervention in free markets. It contrasts the economic systems of North and South Korea while examining the complexities of price gouging and price controls during inflationary periods. The discussion highlights the implications of regulations on housing and rental markets, critiquing how such policies can lead to inefficiencies and shortages.

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