Posted on 01/20/2022 12:31:20 PM PST by JV3MRC
CNN tried to normalize the communist idea of the government controlling the prices of food and gas as a way to combat inflation. The idea was so bonkers, CNN even admitted that economists have largely panned the suggestion.
CNN’s ridiculous story was headlined, “Should the government control the price of food and gas?” The outlet spun the idea that it's “been done before, typically during times of crisis.” But, as CNN conceded: “for most mainstream economists, the answer to this question is a resounding ‘no.’” Former President Barack Obama’s Council of Economic Advisers Chairman Austan Goolsbee reportedly responded in a survey on the merit of price controls: “Just stop. Seriously.” But CNN still attempted to downplay the ludicrousness of price controls, saying: “There is plenty of precedent for price controls in the United States, but you have to look a few decades back.” CNN’s tweet of its story scored a massive ratio with Twitter users. As of Jan. 20, CNN’s tweet has over 7,100 comments and just over 1,400 likes.
(Excerpt) Read more at newsbusters.org ...
Because CNN said it my in-laws will think it’s fabulous.....
they do
Yeah, like during a world war.
Of course CNN thinks the possibility of the Democrats having a problem in the next election is as serious a threat as a world war, so from their point of view they have a point.
“Ya, we don’t care that you have 7 people in your family. You can only buy 1 tomato.”
I consider CNN as modern Looney Tunes, and when I say looney, I mean nut house looney.
And of the few who do see CNN, their only thoughts are: "Man! I wish my next flight would hurry up and load." LOL
CNN had a broadcast and nobody shows up. The hobby micro-celebs I follow on YouTube for my hobbies have much larger audiences than CNN… not joking.
Libtards think they can control the weather 🤪
Most Democrat supporters weren’t alive when Nixon did it.
I was.
I remember buying black market gasoline from a tanker parked in a deserted industrial area. Because retail stations were limiting sales to some tiny amount per customer per day.
It made the supply problem MUCH worse. Didn’t work well in Venezuela either.
... and you think shelves are bare now! ...
Price controls inevitably lead to shortages. Ceasar Chavez imposed price controls on food which immediately lead to empty shelves and now widespread starvation throughout the country. How soon would we have gas rationing if government controlled the price of gasoline?
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