Archive for April 20, 2009

4,000 Years of Failed Price Control Policies, But Chavez Thinks It Will Work This Time

For the past forty centuries or more, countless civilizations have attempted to feed people by fixing prices and each time it has produced catastrophic consequences.  Whether they are democratic governments, dictators, or socialist reformers these “central planners”, as economists call them, have profound negative effects on the market when they attempt to hijack supply [...]

April 20, 2009  Tags: , , , , ,   Posted in: Politics, Science & Technology  No Comments