Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. Shortages are most damaging when they involve basic ...

Likewise, toppling Iran’s regime will not by itself guarantee economic recovery. What also matters is not whether crowds are ...

Your editorial “The Political Race for Fewer Cures” (Aug. 6) identifies an ironclad rule of economics: Price controls create shortages. In this instance, restrictions on prescription drugs will lead ...

They could not be more wrong. When a government (or a cartel) dictates a price that is different from what the market would ...