- Prison Planet.com - http://www.prisonplanet.com -
How to Wreck an Economy
Posted By yihan On February 12, 2013 @ 12:02 pm In Money Watch | Comments Disabled
The LRC Blog 
February 12, 2013
The junta called the government of Argentina has announced that business owners do not REALLY own their goods, and may not sell them for whatever price they wish. Price controls are now in effect to curb inflation , at least that’s the official line. A mere 6 years ago this same government edict failed and lead to the entirely predictable shortages  that always follow price controls. Any bets on how long it will take for shortages to be reported this time? Price controls are immoral for so many reasons:
And the list goes on. Of all government’s sins save war and pogroms, price controls must be the worst. With official inflation at 10%, and unofficial inflation closer to 30% I expect the shortages to occur almost immediately. The protests will start right after that.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/how-to-wreck-an-economy.html
URLs in this post:
 The LRC Blog: http://www.lewrockwell.com/blog/lewrw/archives/132217.html
 Price controls are now in effect to curb inflation: http://www.myfoxny.com/story/20958959/argentina-freezes-prices-to-break-inflation-spiral
 this same government edict failed and lead to the entirely predictable shortages: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acmIudqyzEN0
Copyright © 2013 Prison Planet.com. All rights reserved.