Price Controls Lead to Empty Shelves in Zimbabwe

May 31st, 2010 by admin | Posted in Uncategorized |

NY Times: Robert G. Mugabe has ruled over this battered nation (Zimbabwe), his every wish endorsed by Parliament and enforced by the police and soldiers, for more than 27 years. It appears, however, that not even an unchallenged autocrat can repeal the laws of supply and demand (with price controls).

Neither can Congress nor local governments in the U.S. Like when they pass minimum wage laws, rent control laws, price gouging laws, etc.

The biggest difference between market prices and government-controlled prices? See pictures above (controlled prices) and below (market prices) for the answer.

Tags: Autocrat, Congress, Empty Shelves, Laws Of Supply And Demand, Lead, Local Governments, Minimum Wage Laws, Ny Times, Parliament, Price Gouging Laws, Rent Control, Robert G Mugabe, Supply And Demand, Zimbabwe

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Price Controls Lead to Empty Shelves in Zimbabwe

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