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Do You Know
Basic Economics?

Parity Prices and Saving the X Industry

Peter Klein is Associate Professor of Applied Social Sciences and Director of the McQuinn Center for Entrepreneurial Leadership at the University of Missouri.  He joins Tucker to discuss Hazlitt’s Chapters 13 and 14,which examine the fallacies surrounding government’s ability to help with prices and save industries.  In the final analysis, they conclude that, while governments continue to try these things, in the long run they only hinder that which they are trying to help.