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The Stanford Emerging Tech Review 2025
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Dear Friend,
In the 1970s, Americans waited in long lines for gasoline—not because we ran
out, but because the government tried to hold prices down.
When prices are fixed by law instead of shaped by markets, scarcity and
inefficiency follow.
The same dynamic plays out today, from housing to health care. And the
consequences are just as real.
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Greg
Greg Stamps | Online Development
Hoover Institution | Stanford University
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