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The USA HAS had gasoline rationing during the 70s....there were huge lines. The USA currently rations all sorts of things (explicitly or implicitly) and introduces all sorts of market distortions. For example: rent control in NYC favored long term residents and those with connections. A better example, with a flavor like RPP: California's mortatorium on raising property taxes in certain areas. This favored long term previous residents, but disadvantages others and leads to problems such as insufficient money for schools.

by SJE on Dec 10, 2012 11:51 am • linkreport

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