Jan 13, 2011

Price Control Part One - Commodities Market

http://finance.yahoo.com/news/Govt-moves-to-limit-apf-4112081129.html?x=0&sec=topStories&pos=3&asset=&ccode=

Unsurprisingly, as the government has flooded the market with money, the prices of many commodities (which can't be printed, but must be grown/found) are surging... naturally this surge in prices has been blamed on a faceless culprit, conveniently referred to as "funds, traders, and investors"...

As financial history tells us, these are the same parties culpable for every economic unpleasantry since the dawn of markets, though the real culprits are often the ones who pronounce such accusations through giant microphones (read: politicians)...

And, if the history of every price control ever can teach us anything, its that it never works.  We (un)eagerly anticipate the opportunity to share Price Control Part Two (aka, consumer good price control)

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