We mostly discussed the role of Price in driving Demand;
"price gouging" during times of peril, and the co-importance of Price, Demand, and Supply.
We looked at various government interferences with the above, including rent ceilings, minimum wage, and Cash for Clunkers.
We also discussed "unintended consequences" when the Government intervenes. We should ask: (1) Is this the proper role of government? (2) Can we afford it?
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