'Stabilizing' Commodities (On the Other Hand Ep. 12)

Based on Chapter Sixteen of Henry Hazlitt's classic work, Economics in One Lesson, this short video explores Hazlitt's argument that attempts to "stabilize" (hold up) commodity prices through subsidies and price controls inevitably leads to oversupply then restrictions on output and ultimately privileges for a small number of licensed suppliers.

This series of 18 short videos (being released one-per-week from May 2011) was produced in collaboration with Access Communications in Regina.

Related Links:

• The Lesson (On the Other Hand – Episode 1)

• The Broken Window (On the Other Hand – Episode 2)

• The ‘Blessings’ of Destruction (On the Other Hand – Episode 3)

• Public Works Mean Taxes (On the Other Hand – Episode 4)

• Taxes Discourage Production (On the Other Hand – Episode 5)

• Credit Diverts Production (On the Other Hand – Episode 6)

• The ‘Curse’ of Machinery (On the Other Hand – Episode 7)

• Spread the Work Schemes (On the Other Hand – Episode 8)

• Who’s ‘Protected’ by Tariffs? (On the Other Hand – Episode 9)

• Saving the ‘X’ Industry (On the Other Hand – Episode 10)

• How the Price System Works (On the Other Hand – Episode 11)