Why Kamala's Price Controls Will Lead To Shortages

Ron Paul Liberty Report

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4.9 • 2.2K Ratings

🗓️ 16 August 2024

⏱️ 31 minutes

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Summary

Politicians very rarely blame their own policies for the suffering that they create. They usually double-and-triple-down on their bad policies. When that doesn’t work, they create an entirely new policy to combat the bad effects of the older one. Government “price controls” have a never-ending failure rate throughout economic history. They create shortages! But when politicians are faced with the choice of either blaming themselves, or creating shortages…they usually opt to create shortages.

Transcript

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0:00.0	Hello everybody and thank you for tuning into the Liberty Report.
0:04.0	With us today we have Chris Rosini, our co-host Chris,
0:08.0	welcome to the program.
0:10.0	Great to be with you Dr Paul.
0:12.0	Very good.
0:13.0	We're going to get involved in politics.
0:16.4	I don't enjoy a lot of this politics.
0:20.0	The people say if you don't enjoy it, you't like it you didn't get into politics because you
0:24.4	didn't you weren't aiming to be the chairman of the pagan committee why do you have to talk about it?
0:29.6	Well everybody else is so sometimes I look at the results and the results and a lot of
0:37.6	arguments and debate back and forth on what they're going to do and what they
0:41.9	believe in and we end up with the Fed we end up with debt we end up
0:46.4	with our wars and the best is the big picture so but anyway we're going to talk
0:51.5	about it today because there's a candidate for president,
0:56.0	happens to be a woman, I think. I think this day she is, yes.
1:01.0	So I think, you know, Kamala now has come out very strongly on an economic issue.
1:08.0	Economists is a whole deal now because she's going to defend the Biden economic program. She thinks that was
1:15.6	pretty good but she's giving her own flavor of this and so she's about been
1:20.9	talking this week about wage and price controls, especially price controls, especially food.
1:28.0	So she's been playing this up.
1:30.0	So this is a big issue. We'll be talking about that and why regulation of prices and wages never work.
1:38.0	They make things worse.
	...

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