This is eye opening. It demonstrates how prices are cheaper with more competition and less government involvement.
1. Blue lines= prices subject to free market forces.Red lines= prices subject to regulatory capture by government. Food and drink is debatable either way. Conclusion: remind me why socialism is so great again.
2. Interesting, almost all of the items above the line are protected industries while those below the line are subject to generally robust competition…
3. I’m not going to lie, this is one of the most important charts about the economy thiscentury.
4. Imagine that, prices are cheaper with more competition and less government involvement.
Via AEI