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March 05, 2008

PRC premier calls for barren shelves and waiting lines

Apparently, Wen JiaBao hasn't learned the Mugabian lesson about price controls and inflation yet and is willing to give it another go, because surely it'll work this time if they apply enough Huckabeeian style faith.

...Wen Jiabao said restraining inflation that has been blamed on rapid economic growth and shortages of key food items is a top priority.

"To fulfill this task, we must take powerful measures to increase effective supplywhile curbing excessive demand,"...

Price controls always work well at curbing shortages. Mugabe executed this pivot to near perfection. Of course another way to reduce excessive demand and increase effective supply is the Soylent Green option.


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posted by Purple Avenger at 12:04 AM

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Recent Entries
Friday Night "Fast & Furious" Document Dump, and Obama's Great Compromise
Overnight Open Thread
Interpol Arrests Journalist for Muhammed Tweet
Open Thread/Open Blog
Obama-Volt 2012: New Website Seeks To Make the Chevy Volt Obama's Running Mate
Right on Cue: MSNBC Headline, Obama: Religious-backed organizations won't have to pay for birth control
Un Dead? Rumors Fly That Kim Jong-un Has Been Assassinated in Beijing
Good Parenting?
Obama's Compromise: I'll Just Mandate That Employers Contract With Insurers To Cover Contraception For Free, and Hence Employers Cannot Be Said To Be Paying For It
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