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Superman4 said:
freedquaker said:

I am an economist with several degrees (bachelor, master's, phd) in economics ...

Price controls, price controls, price controls.

Best comment yet. I agree completly. It will however never happen, too many people are now in a position of power who continue to get rich off the way the system works. 

Exactly, thanks for understanding.

Nobody taught you that price controls are the quickest way to make a bad situation worse?

Bakers make bread for 9 cents and sell for 10 cents. Government increases money supply causing inflation. It now costs bakers 10 cents to make bread and they have to sell at 11 cents. Gov decrees bread must be capped at 10 cents (no profit for the bakers). Bakers stop making bread for the poor and bake cakes for the rich instead. No bread on shelves but black market bread is available at 20 cents (risk-reward cost for breaking law). The poor starve, the rich get cheaper cake. Socialism wins again.



Nov 2016 - NES outsells PS1 (JP)

Don't Play Stationary 4 ever. Switch!