More on Repealing the Laws of Economics

In his latest memo, Howard Marks discusses the implications of
governmental intervention in economies. Considering examples such
as rent control, fire insurance, and tariffs, he emphasizes that
while free markets don’t produce perfect solutions, efforts to
control them often make things much worse. He argues that when
allowed to function, the laws of economics create prosperity
through incentivizing innovation and productivity. He also
touches on the U.S. fiscal deficit, questioning how much longer
the government can continue spending more than it takes in.


You can read the memo here
(https://www.oaktreecapital.com/insights/memo/more-on-repealing-the-laws-of-economics).