Sunday, September 4, 2011

Shortages

Seems like there are shortages reported all over.

I noticed the corned beef.

My favorite beer can't get the hops, so it's gone from the shelves until further notice. 

Even Frosty Paws dog treats.

Ammo never recovered from 2008. Not really.  I don't have to tell you all that.  At least firearms came back.

Widespread reports of pharmaceutical shortages all over.

What causes all this?  Well in some cases it's price controls.  Price controls always cause shortages.  It might be the reason for all the shortages.  Gummint monkeying around in healthcare for one, gummint propping up prices for corn ethanol in another.
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2 comments:

  1. Windy WilsonSeptember 9, 2011 at 1:10 PM

    Price controls always cause shortages.

    Yep, there is never a "market failure" until AFTER Government has put its hairy, arrogant controlling thumb on the scale of commerce.

    ReplyDelete
  2. AnonymousSeptember 14, 2011 at 5:49 PM

    No, Windy, there are frequently shortages and surpluses, almost always corrected by the "invisible hand" before too long.

    But if you want GUARANTEED, long term and un-correctable screw-ups that takes governmental intervention in the market.

    FormerFlyer

    ReplyDelete

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