Price controls. The most stupid idea. Worked "wonders" in Venezuela and Argentina.
— Daniel Lacalle (@dlacalle_IA) December 30, 2021
Well, tbf Keith, price controls WOULD work to stifle inflation. Soon after enacting said controls the shelves would be empty…and just like that, (*snaps fingers) inflation would be gooooone… pic.twitter.com/M4IlFYTc5t
— JⒶcques TowⒶkí 🏴 (@JaquesTowaki1) December 30, 2021
Socialism: A How to Guide.
Print trillions, cause inflation, blame it on greedy corporations, implement price controls, cause shortages, blame greedy corporations again, seize control of greedy corporations for the good of the people. pic.twitter.com/nMlJUXPBOj
— Taylor Morgan (@T_D_Morgan) December 30, 2021
In Venezuela the socialist regime implemented price controls, the result was shortages of goods, food, fuel, a subsequent inflation of over 65,000 % and the migration of 6 million people.
Good luck with that.
— Emmanuel Rincón (@EmmaRincon) December 29, 2021
h/t dr0id