Keynes also pointed out how government price controls discourage production.
High inventories, which can discourage production, are evident in auto sales figures, issued by the manufacturers every 10 days.
The purpose was to discourage production and consumption of the most harmful cigarettes.
Lower prices have discouraged exploration and production, while encouraging greater consumption.
Government price controls discourage production and competition, create shortages and breed corruption.
Economists now say that system encouraged Argentina to live beyond its means and discouraged investment and production.
He will argue that such caps would only discourage increased production of electric power.
This, Americans contend, has put pressure on international prices and tended to discourage production.
I think it would be helpful if government policy didn't discourage production of food, though.
Later government controls on milk prices continued to discourage production of other varieties of cheese until well into the 1980s.