Joe Biden is getting desperate, and when people are desperate they do especially stupid things.
In a move that should worry everybody, Biden’s war on “shrinkflation” and “corporate greed” has him inching toward a regime of price controls.
You know, the policy that helped the Soviets keep their economy humming along, and that whipped inflation in the United States in the 1970s.
Price controls don’t work. They take a bad situation and make it infinitely worse.
President Biden has launched a new “strike force” to fight “unfair and illegal” corporate pricing.
But critics, including the @USChamber, say this is an attempt to return to government price controls.
Full story 👇https://t.co/32vJSl1kgu
— Andrew Moran (@andrewliberty23) March 6, 2024
Making things worse is a Biden specialty, of course, so we shoudn’t be surprised. Yet I often am, because my imagination is too restricted to…
