The junta called the government of Argentina has announced that business owners do not REALLY own their goods, and may not sell them for whatever price they wish. Price controls are now in effect to curb inflation, at least that’s the official line. A mere 6 years ago this same government edict failed and lead to the entirely predictable shortages that always follow price controls. Any bets on how long it will take for shortages to be reported this time? Price controls are immoral for so many reasons: The government interferes directly with the right of contract between two consenting … Continue reading How to Wreck an Economy