On the recordMarch 25, 2014
The Cadillac effect is when government regulation makes it such that you can buy a Cadillac or nothing at all.
Source
congress.govRichard L. Hanna: “The Cadillac effect is when government regulation makes it such that you can buy a Cadillac or nothing at all.”
Editor's note · Context
Hanna describes how restrictive regulations limit choices for consumers.
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