Milton Friedman

Price controls undermine the essential signals that a free market economy uses to allocate resources efficiently. While they may seem to make goods more affordable in the short term, they distort the market and often lead to shortages, reduced quality, and less innovation. In the long term, price controls can cause more harm than good to consumers.

As an economist, I understand the importance of intellectual property in fostering innovation and growth. While there are valid concerns about excessive enforcement or misuse, entirely abolishing intellectual property would undermine the incentives for individuals and companies to invest in research and development. A balanced approach is necessary to ensure creativity flourishes while protecting the rights of creators.