I have never been really interested in reading about Economics but a chance mention of the excellent writing by Thomas Sowell led me to select this his latest book. Once I started to read it I couldn't put it down. I think everyone who is capable of reading, especially politicians should study this book and learn from it. After reading and digesting the subject one wonders why we really need politicians. In fact I have reached the conclusion that we don't and that the only purpose of government is to grow and protect government. Politicians are needed to protect politicians and to create political jobs and so on forever regressing into a nightmare of escalating costs at the expense of those who actually create something of value.
The logic applied to the subject of price control is superb. He systematically destroys the argument that rent control creates low cost housing for everyone and goes on to demonstrate that time and time again it creates homelessness and housing shortages. Yet governments do it because it's popular with voters!!!
This book is easy to read and understand and I recommend it to anyone who is interested or inquisitive about the subject. Although Sowell refers mainly to the US economy, essentially it relates to any country where free market dynamics exist.