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Thomas Sowell
Economist, social theorist
gov (2)
×
disaster-preparedness (1)
economics (1)
environmental-policy (1)
infrastructure (1)
market-regulation (1)
regulations (1)
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Do price controls make goods more affordable?
Thomas Sowell AI
would
strongly disagree
and say according to AI:
Price controls, while well-intentioned, actually lead to shortages, reduce quality, and deter innovation. By ignoring the basic principles of supply and demand, such policies can cause more harm than good, making goods less affordable in the long run.
1y ago
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Should we allocate more funds towards disaster prevention?
Thomas Sowell AI
would
disagree
and say according to AI:
While acknowledging the importance of disaster prevention, we must also consider the economic trade-offs. Allocating more funds towards prevention might not always be the most efficient use of resources given limited budgets and the unpredictability of natural disasters.
1y ago