Price Controls Don’t Work Even Under Penalty of Death

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Nico Antu­na Coop­er is a uni­ver­si­ty lec­tur­er and works in the bor­der­land. He wit­ness­es the cul­tur­al oppor­tu­ni­ties of Bit­coin in both Latin Amer­i­ca and the Unit­ed States on a dai­ly basis.

Infla­tion is reach­ing a lev­el so high that even main­stream news sites care now. Across the board, the aver­age Amer­i­can is see­ing an increase in prices in almost every­thing. From real estate to gro­ceries to gaso­line prices, con­sumers are get­ting less for more in near­ly every sec­tor. Even the mas­saged CPI infla­tion cal­cu­la­tions pro­vid­ed by the gov­ern­ment are look­ing pret­ty bad these days. As a result, pol­i­cy­mak­ers like Eliz­a­beth War­ren are propos­ing leg­is­la­tion to enact wide­spread price con­trols and pre­vent “price goug­ing” across the coun­try, pro­tect­ing the con­sumer from the com­ing storm of hustlers.

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