Seems as if they’re running out of stuff in Argentina. The solution? Well, apparently somebody thinks it’s a better idea to try price controls rather than trying market clearing.

Of course, consumers and producers are finding some very clever ways to get around the controls. It’s almost like a black market is forming. Huh, who’d a guessed?

Also, you’ll note that the list of prices controlled is rather arbitrary and odd. It’s political. It’s not about helping people, it’s about being well connected and handing out favors to your political allies.

-JD Cross

 

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