MCViewPoint

Opinion from a Libertarian ViewPoint

Price Controls: The Government’s “New” Solution to Inflation?

Posted by M. C. on January 20, 2022

So the experts, CNN, think we should look at price controls.

If wage and price controls kick in you will know we are really in trouble.

https://www.theorganicprepper.com/price-controls/

Aden Tate

There have been a number of news headlines over the course of the past year that I’ve personally found wildly disturbing.

However, it is this one in particular from CNN that I’ve found to be of particular note. It’s titled, “Should the government control the price of food and gas?

Throughout the piece, author Charles Riley looks into the history of price controls both within the past 100 years and of more recent note as well. The basic question behind the article is this: because of rampant inflation “should governments consider setting the price of essential goods?”

While I (sometimes) believe that there is no such thing as a stupid question, the very idea that this notion is being presented to the public is something which I find concerning. I don’t think it’s any secret to regular readers of The Organic Prepper what the position of the mainstream media (MSM) is on these issues. Though a question is being asked, are we ignorant of what the hoped for answer is? 

Riley’s article starts off by examining whether or not there is precedence for price fixing in history.

Is there precedence for price-fixing in history? Absolutely.

As Riley points out,

  • “The German capital of Berlin, for example, has sought to limit how much rent landlords can charge tenants.”
  • “In the United Kingdom, regulators limit how much consumers can be charged for energy and some types of rail fares.”
  • “As elections approached late last year in Argentina and annual inflation topped 50%, the government froze the price of over 1000 household goods.”
  • “Last week, Hungarian Prime Minister Viktor Orban said he would cut the price of flour, sugar, sunflower oil, milk, pork leg, and chicken breast ahead of a national election…”

Let’s look at each of these examples in turn, however.

  • Aside from having a history of totalitarianism, Germany is once more demonstrating that this is where it is headed for in the future as well. Price controls are a part of this.
  • The United Kingdom has never been friendly to freedom (read American history).
  • Jose here at The Organic Prepper has vividly captured what it is like to live in South America right now, where weight loss due to hunger has become the norm.
  • All Viktor Orban has done is demonstrate he’s willing to steal from others in order to win power for himself. Did you notice he did this right before an election?

Just because there is precedence for something, does not mean that it is a good idea. Consider slavery, cannibalism, human sacrifice, or the like. Have they all been practiced in the past? Yes. But does that mean they were good ideas?

Nope.

Precedence does not equal morality.

Price controls on the farmer (or anyone else) will not work.

See the rest here

Be seeing you

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