Böhm-Bawerk on Economic Law versus Political Control

“…the fact that, just as natural phenomena are governed by immutable eternal laws, quite independent of human will and human laws, so in the sphere of economics there exist certain laws against which the will of man, and even the powerful will of the state, remain impotent; and that the flow of economic forces cannot, by artificial interference of societal control, be driven out of certain channels into which it is inevitably pressed by the force of economic laws. Such a law, among others, was considered to be that of supply and demand, which again and again had been observed to triumph over the attempts of powerful governments to render bread cheap in lean years by means of ‘unnatural’ price regulations, or to confer upon bad money the purchasing power of good money.” -Eugene Bohm-Bawerk (Control or Economic Law)

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