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| Name | Prof. Antony Davies: Unintended Consequences of Price Controls |
| Video Uploader | Video From Learn Liberty |
| Upload Date | This Video Uploaded At 02-06-2011 14:09:32 |
| Video Discription | Prof. Antony Davies explains that prices are not levers that set value, but rather, are metrics that respond to value. Therefore, since government cannot legislate value, attempts to control prices will generate unintended consequences. Using the minimum wage as an example, Davies demonstrates that minimum wage laws increase unemployment rates amongst low-skilled workers. Watch more videos: http://lrnlbty.co/y5tTcY |
| Category | Education |
| Tags | floor | government | surplus | freedom | shortage | wage | unemployment | poor | economics | ceiling | unintended | what is a libertarian | minimum | price | video | learn | consequences | policy | libertarianism explained | fixing | libertarian | libertarianism | controls | public | liberty |
