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“Hardship, in forcing us to exercise greater patience and forbearance in daily life, actually makes us stronger and more robust. From the daily experience of hardship comes a greater capacity to accept difficulties without losing our sense of inner calm. Of course, I do not advocate seeking out hardship as a way of life, but merely wish to suggest that, if you relate to it constructively, it can bring greater inner strength and fortitude.”

“Sellers in general maintain the quality of their products and services for fear of losing customers otherwise. But, when price controls create a situation where the amount demanded is greater than the amount supplied - a shortage - fear of losing customers is no longer as strong an incentive. For example, landlords typically reduce painting and repairs when there is rent control, because there is no need to fear vacancies when there are more tenants looking for apartments than there are apartments available.”