|Censoring Pleas For Help
In the article "Censoring Pleas for Help", Dwight R. Lee talks about government price controls. The author likens government price controls to government censorship, arguing prices are how markets communicate with one another. The example used to demonstrate this point is the price regulations the government enforces after a natural disaster, freezing prices on such items as labor, construction materials and basic necesities. However, the article demonstrates later how these regulations, while seemingly in place to help protect consumers (in this case disaster victims), actually hurts them. While the intent of the "price gouging laws" is good, they actually do more harm than good. By controlling the prices of these materials, these laws limit the supply of these materials and effectively stop the free market from communicating its increasing demand. Further more, these laws seem to go against the very idea of a free market.
The free mar...