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Politics / Government

181 Views • Created 2 years ago By Lugamo • Updated 2 years ago

Created By Lugamo • Updated 2 years ago

A couple of stories about price controls in South America (Argentina and Venezuela)

Noah Williams @Bellmanequation On price controls in @thedispatch w/@alex_horenstein : "While limiting price increases seems like a straightforward remedy for inflation, a look at how price controls have worked in South America shows why such measures bring more problems than solutions." Mobil 5.091 5.298 5.498 thedispatch.com Price Controls Are Disastrous. Just Ask South America. The failure of price controls to stop inflation and allow more access to goods has been well-documented. 10:09 AM · Feb 9, 2022 · Twitter Web App 19 Retweets 4 Quote Tweets 47 Likes Noah Williams @Bellmanequation - 8h Replying to @Bellmanequation In Argentina, the price of a 500g box of Frosted Flakes is controlled. At a grocery store recently, buyers found signs apologizing that the cereal was out of stock due to delivery problems. Amazingly, the shelves were full of 510g boxes, the price of which was not controlled. 7CORTUS GRQUISIMAS COPOS DE MAIZ CON EL SABOR QUE YA CONOCES Hellagge precios cuidados NIS HARINA Estimado eliente este producto se encuentre si stack per lalla de entrega del preveedo Disculpe las molesties ocesionades. N BIAS 1: > AMLA Relloggs ZUCARTAS $4640 O 2 27 34 O 97 Noah Williams @Bellmanequation - 8h While easing of price controls in Venezuela led to a jump in prices, the shortages were alleviated. “At least I can come in and buy, even if at high cost," Ana Atencio told WSJ. “Before, I wouldn't even dream of it because of the line and people fighting." Mobil 5.09 5.291 5493 Mobil Mart thedispatch.com Price Controls Are Disastrous. Just Ask South America. The failure of price controls to stop inflation and allow more access to goods has been well-documented. ♡ 20
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Politics / Government

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