Government Price Controls Never Work - Why Are They Ever Used?
Ron Paul Liberty Report
Ron Paul Liberty Report
4.9 • 2.3K Ratings
🗓️ 21 January 2022
⏱️ 23 minutes
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| 0:00.0 | Hello everybody and thank you for tuning into the Liberty Report |
| 0:04.5 | With us today as Chris Rosini our co-host Chris good to see you today |
| 0:09.5 | It's great to see you two doctor Paul. Thank you very good. We're gonna talk about something that is right up today |
| 0:16.1 | It the problem was just created yesterday. Oh, no, I'm making a mistake there |
| 0:20.2 | It was created 5,000 years ago |
| 0:22.8 | And that is when governments screw up and make things difficult and they interfere in the market |
| 0:28.9 | Believe it or not even 5,000 years ago they understood about market because markets are pretty natural and |
| 0:35.7 | You know there's barter and there's bartering and all kinds of things and then they had government money and all of a sudden |
| 0:41.8 | There were problems and they've existed ever since the wage and price controls that is to solve the problems of all the mistakes |
| 0:49.1 | The government makes that's how I look at it and guess what it makes things worse and I you never would have guessed |
| 0:57.4 | That when when the politicians get involved in trying to correct the mistakes that they may |
| 1:02.7 | Sometimes it's deliberate sometime is out of total ignorance |
| 1:06.3 | But they generally make things much worse. You know, it's interesting |
| 1:10.3 | It is a big deal in history and in economics the wage and price control and you know |
| 1:16.3 | I'm not all that old, but I do remember |
| 1:19.3 | Three major times that wage and price controls were introduced in this country and a lot of minor times too |
| 1:26.5 | But the major times was I remember World War II very clearly |
| 1:30.6 | My dad was in the retail |
| 1:33.1 | dairy business and would sell butter and we as little kids knew about stamps |
| 1:38.9 | You know rationing stamps and we'd have to collect the stamps end of money if somebody came to our little dairy |
| 1:46.0 | Which was actually at our house we had to do both collect the money and collect the stamps |
| 1:50.5 | So we we learned about that very early on |
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