Re: Free Market Works

[SheetWise]

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You can argue that its "unfair" but there is no adverse long-term consequence of putting a very short-term price ceiling on the hotel industry in a small geographic area.

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Here's where I think a lot of tinkers make a mistake. I've had several businesses I gave up on or sold because the government meddled. It has nothing to do with how much money it is. When the gov't began telling me what I could and could not do -- I had to seriously ask myself if I wanted to invest more of my money and time into a business they controlled. The problem with regulators is that you never know where they're going to stop.

When they finally said it was illegal to smoke in a bar -- even if you own the bar -- even if there were warnings posted outside -- you know they can do anything.

"adverse long-term consequence" can come in many forms.