At 30 mins he explains why raising taxes on the supplier=bad. It raises the price on the good sifting the supply curve left with higher. The demander is going to pay it. That is the poor and middle class. Free Economics Video Lecture-Economics - Lecture 3: Demand and Supply - continued Lots of good stuff Lecture 3 at 30 to 35 minutes. Earlier in that lecture also explains why you don't want government controlling prices. This guys a leftist. I've watched him a few times through. Steep supply curves=consumer screwed. Tax cigs=fuck the smoker and the tobacco comp laugh.