Censoring Pleas for Help

Governments have a long history of imposing price controls on various goods and services. Dwight Lee argues that this is a particularly harmful form of government censorship that stifles communication, prevents market exchange, and restricts social cooperation. Read Common Sense Economics 4.0, highlighting sections CSE 1.1 and 3.3, to learn more about the power of incentives and the different outcomes expected from government and markets during crises and pandemics.