Leading economists answer Barack Obama and his false claims about the “stimulus”, in a full page ad running in the NY Times and the Wall Stree Journal.
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Any attempt to control prices or quantities of particular commodities deprives competition of its power of bringing about an effective co-ordination of individual efforts, because price changes then cease to register all the relevant changes in circumstances and no longer provide a reliable guide for individual’s actions. — F. A. Hayek
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