Price controls

Yes.

We're finding out that the Republican Party is very much for price controls.

What about babysitters on your night out? [laughs]

Run a government website that offers discounted prices for prescription, uh, drugs.

But it, the...

But the, the...

To me, the point is Republicans are for price controls.

Oh, yeah, yeah.

Two, a 90-day freeze on all wages and prices in the United States enforced by the Cost of Living Council.

Devaluation and price controls announced in the same address on the same evening by the same man for the same reason.

to break the link to metal without letting the public find out what the link had been worth.

The freeze was popular.

same outcome.

Venezuela ran the identical playbook from about 2003 onward.

exchange controls, currency devaluations, and a sprawling system of price controls on staple goods complete with a state price control agency and criminal penalties for speculation.

The result was the emptiest supermarket shelves in the Western hemisphere and an inflation rate that eventually ran into seven figures.

Things like this don't work.

It's why eventually it leads to, well, then we need to do price controls on it.

Because it always causes this unintended consequence, this unforeseen who could have predicted this to pop out somewhere else.

And so, well, we're just going to have to do price controls.

Or

eventually like full

control.

So then the price controls lead to, well, we're not going to produce that at this price.

Through burdensome regulations and licensing, Doesn't mean no regulations and no licensing, but burdensome regulations and licensing, which justifies bureaucracy.

Quotas, tariffs, big topic today, price controls, and bailouts.

Okay, so on to the book review, chapter seven, more on price controls.

So Henry Hazlitt kicks off this chapter with one of the main issues that we are facing today and why I wrote my book, Capital Offense, Why Some Benefit at Your Expense.

So Hazlitt says, the welfare state can arise and persist only by cultivating and living on a set of economic delusions in the minds of the voters.

Uh, I only had time for one chapter this week.

Uh, chapter six, Price Controls.

Now, some economic myths just refuse to die.

So Hazlitt talks about those who blame greedy corporations for inflation.

Uh, you know, Mr.

Price Controls, M- Mr., you know, whatever.

He was, uh, almost Johnson-ish in his economic, uh, policies.

Uh, so if I get...