A Policy Unblemished By Success: Price Controls

Quotes of the Day:

1. With the command-and-control propensity of contemporary liberalism, Clinton predictably advocates a policy that has a record, running from Roman times to the present, that is unblemished by success. It is the policy of price controls: Her proposed five-year freeze on interest rates would be a control on the price of money.

2. The market, which bewilders and annoys liberals by correcting excesses without the supervision of liberals, is doing that as housing prices fall far enough to stimulate demand.

~From George Will's column today

'Need' now means wanting someone else's money. 'Greed' means wanting to keep your own. And 'Compassion' is when a politician arranges the transfer.

~Joseph Sobran via Mises.org, Adam Smith.org, Greg Mankiw, and Taxing Tennessee