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Op-ed Placement

Price Controls Disorganize the Market Economy

BY Patrick Hedger

There’s a lot of talk in Washington these days about “fake news.” Misinformation is a serious concern. If people believe misinformation and act upon it, bad things can happen. Yet for all the concern about misinformation in the news, neither side of the aisle seems concerned about misinformation in the economy. In fact, both sides routinely advance policies that do nothing but generate economic fake news. These usually come in the form of price controls and they too make bad things happen.