Forget about price controls**. The Venezuelan government finally figured it out. The country is facing an acute shortage of toilet paper because people are eating too much. The head of the National Institute of Statistics released a survey yesterday that shows that Venezuelans âare eating three times a day or even more.”
As Dan Gross explains, the Venezuelan T.P. shortage is a fairly textbook case of well-intentioned safety-net planning run amok. Venezuela wanted to make sure toilet paper and other basic staples were available to the nation’s poor during a period of high inflation. Rather than simply subsidize purchases with an American-style food stamp program, it implemented strict price controls, putting a ceiling on how much manufacturers could charge consumers for basic goods.
Those price controls lowered producers’ profits and took away much of their incentive to produce. And combined with fairly strict currency controls that have made it harder for Venezuelan companies to receive foreign supplies and equipment, the result has been “shortages of staples like milk, meat and toilet paper,” as the Times put it last year.
Socialist logic at its finest.
Prices. So important yet so poorly understood.
better let a bunch of people starve to death
Supplementing with omega-3 fatty acids does not improve heart health, according to a new study published in the New England Journal of Medicine. Researchers analyzed data from 12,513 men and women from the Risk and Prevention Study in Italy. After an average follow-up of five years, patients taking the omega-3 supplements did not reduce their risk of death or hospitalization from heart disease, compared with those who took placebo.
can i put popular text posts on a resume
i asked my italian grandfather if the rough parts of italy were called the spaghetto and look at me w/ so much shame
“what’s the matter? feeling a little under the weather? or a little over the geiger counter, should I say? -laughs-“
i don’t have time for your bullshit today moira
Moira Brown is seriously one of the best characters in Fallout 3. I mean, how can you not love someone who compares giving you a mutation to a kitten with yarn?
“I’m sorry I twisted your DNA like a kitten with a ball of yarn”
one time i explained post limit to my mom and she says
“is that why you get off the computer sometimes”
the xbox one looks like they had a really bad divide at board meetings deciding what it should look like, and couldn’t come to an agreement