Economic theory predicts that if a government imposes a ceiling for the sales price of any good or service, usually set below the market price that would result from the interaction of competing suppliers and demanders, there will be shortages of goods because less sellers will be willing to sell at...
Posted to
Rubén Rivero Capriles
by
Rubén
on
Sun, Jul 26 2009
Filed under:
Filed under: coffee, Venezuela, pork, chicken, flour, corn, price ceiling, excess demand, eggs, sugar, rice, milk, wheat, shortage
The folly practically speaks for itself . Why does Bjorn Lomborg think that governments can better determine worthy investments than private firms? And that such investments should be borne by ordinary taxpayers rather than those who are generating the externalities that are the basis for his concern...