Monday, August 26, 2024

Price control

One of our candidates for president of the United States says she wants to start controlling prices in this country. She claims that food would be cheaper, for example, because greedy evil companies in the food business would be forced by the government to sell at low prices.

Would that be good for the people? Here's a report from National Public Radio about the outcomes in one nation where that plan has been done by the socialist government for years.

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Venezuelan citizen Anny can shop only on certain days and at government-run stores. She is limited in how much she can buy. She must prove her identity. And, of course, many shelves are empty and food shortages are common.

NPR published this article in 2015, nine years ago. I doubt that it would be published today. Why not? Because of this: our political party on the left wants similar controls now, and NPR is a mouthpiece for the party's policies. This article would tell voters that price controls are a bad thing.

from NPR, "The Nightmare of Food Shopping in Venezuela"

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