California’s legislature wants to combine the idea of two-part price discrimination with a soak-the-rich mentality in charging for utilities. What possibly could go wrong?
Mark shares the latest episode in the Mises Institute's The Costs of the Progressives video series, "The Drug War," which cites Mark's research on the economics of prohibition.
When the government wants to make something more affordable, that usually means new subsidies, laws, and regulations that drive up the real price. Higher medical prices will mean more medical bankruptcies.