About this videoDwight Lee, PhD, explains that prices are the most effective way people around the world can communicate. He talks about the importance of having access to this information and how restrictive government policies such as price controls, import regulations, and central planning essentially amount to censorship. This censorship leads to a breakdown in communication between producers and consumers as well as wasted resources. Dr. Lee emphasizes that capitalism allows everyone to communicate with one another efficiently, while socialism substitutes a world of knowledge with limited information from bureaucrats and politicians. |
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CreditsInterview with Dwight Lee by Luis Figueroa
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