Back to the Future With Price Controls
Democrat presidential candidate Kamala Harris is demonstrating why monetary debasement has always been a favorite way for government officials to plunder the citizenry. Rather than focusing on the Federal Reserve as the root cause of prices rising across society, she’s blaming rising food prices on grocery-store owners. Consequently, she says that if she is elected president, she’ll get a federal “anti-gouging” law enacted that prevents grocery stores from raising prices.
In other words, she’s going to impose price controls, which inevitably means that we are going to have to deal with shortages of everything in grocery stores that has a price control imposed on it.
Of course, this is what governments have done since the invention of the printing press. Debasing the currency by printing ever-increasing quantities of money and then blaming the resulting rising prices on greedy, rapacious, evil, profit-seeking, capitalist swine has always been the way that government officials plunder the citizenry without having the citizenry figure out what the government is doing to them.
Let’s assume that the government is spending $2 trillion more per year than what it is bringing in with taxes. Let’s also assume that the government is already $34 trillion in debt.
Where does the government get that $
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.