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Price Controls
By Hugh Rockoff
Governments have been trying to set maximum or minimum prices since ancient times. The Old Testament prohibited interest on loans to fellow Israelites; medieval governments fixed the maximum price of bread; and in recent years, governments in the United States have fixed the price of gasoline, the rent on apartments in...
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German Economic Miracle
By David R. Henderson
After World War II the German economy lay in shambles. The war, along with Hitler’s scorched-earth policy, had destroyed 20 percent of all housing. Food production per capita in 1947 was only 51 percent of its level in 1938, and the official food ration set by the occupying powers varied between 1,040 and 1,550 calor...
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Price Gouging Is Fine but Humans Are Better
Michael L. Davis
Oil Prices
Robert P. Murphy
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