Posted on 09/26/2024 10:40:07 AM PDT by ChicagoConservative27
History has a short memory. In recent weeks, as Vice President Kamala Harris’s policy proposals sparked a national conversation about price-controls, that phenomenon is on full display.
Price-controls have failed humanity for thousands. They invariably create devastating shortages and diminish product quality.
These policies decimated Babylonian trade in 1750 B.C. They caused bloodshed in second-century Rome. They nearly starved George Washington’s army at Valley Forge. Within living memory, they also caused an American oil and gas crisis in 1971.
Of course, politicians still cannot resist promising their constituents consequence-free price reductions.
(Excerpt) Read more at thehill.com ...
I suspect that Kamala’s handlers know this. That’s why they’re probably already drawing up a list of people to blame. Greedy company executives, MAGA saboteurs, ignorant farmers, etc.
Will the public buy it? I suppose that depends on how well the mainstream media sells it.
Proves that kammy has never read a history book
only because they want to.
You can read all about it in THE ABC’S OF COMMUNISM by Bukharin and Preobrezhensky.
I remember the oil and gas crisis as being in 1973, not 1971.
I guess journalists don’t fact check their own articles anymore.
Nixon did in 1971-72 didn’t work and was thrown out by the courts.
You are confusing jawboning with price controls.
> THE ABC’S OF COMMUNISM by Bukharin and Preobrezhensky <
Interestingly enough, both Bukharin and Preobrezhensky were later shot by Stalin.
And that’s something the starry-eyed folks who play at being socialist just don’t get. The hard-core communists have a death list. And the idealists are on that death list, too. They’re just a bit further down the page.
“Beginning with the 2025-26 academic year, the listed tuition and fees for new and returning students will be $22,000. Prior to the restructuring, the sticker price in 2025-26 would have been $59,359, an 8% increase from the current year’s listed cost.
“Students at the private liberal arts institution will be eligible for up to $10,000 in merit scholarships under the new model.”
https://www.highereddive.com/news/hartwick-college-to-slash-tuition-sticker-price-to-22000/727268/
Most electricity sold in the USA is price controlled.
Didn’t price controls create the current food crises in Venezuela?
Yes, most utilities are.
But that’s because they are necessary monopolies, mostly because the impossibility to build parallel delivery structure.
But, they are guaranteed a profit.
I know AZ law - here the statue guarantees them a hefty profit. That’s why they try hard to sell you stuff you do not need.
The “cost+” method works, because the profit is guaranteed. It actually works very well for the providers. Utilities usually do not go under. Free market is the best price control mechanism known to humanity. Cost+ mostly increases customer prices, but keeps them in some kind of range.
But, that not what Kamala has in mind! If the program guaranteed grocers 10% profit, the grocers would be delighted and customers shafted.
No, she wants to set prices for the grocer, regardless of grocers profitability.
That never worked.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.