President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
I’m not talking about subsidies, I’m talking about the “president dictating prices”, i.e., price controls. Richard Nixon tried this in 1971, it was a failure and it set the stage for the stagflation of that decade.
Ranchers stopped shipping their cattle to market, farmers drowned their chickens, and consumers emptied the shelves of supermarkets.
Sure, instead it’s true based on a simple observation that the president isn’t using executive power to set an upper limit (price control) on the cost of groceries. A subsidy might reduce the starting price of something but a grocery store can still charge whatever they want for it. Which I’m pretty sure is the whole point of this thread?
Yeah, the relief doesn’t go to agribusiness and might stand a chance of benefiting individual humans, so both parties agree it’s always bad and they’ll never do it.
Read a history book sometime. It’s been done in the past.
I’m not sure why you’d advocate for it if you’ve actually read the history, it’s a terrible idea that has failed spectacularly in the past
I know about a ton of food subsidies that we’re pretty useful, dunno about groceries though.
Any source?
I’m not talking about subsidies, I’m talking about the “president dictating prices”, i.e., price controls. Richard Nixon tried this in 1971, it was a failure and it set the stage for the stagflation of that decade.
https://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_nixongold.html
mate half the food you eat is subsidized.
Talking about price controls which are not the same thing at all. Read about the Nixon shock, for example.
Just because you say it, doesn’t make it true.
Sure, instead it’s true based on a simple observation that the president isn’t using executive power to set an upper limit (price control) on the cost of groceries. A subsidy might reduce the starting price of something but a grocery store can still charge whatever they want for it. Which I’m pretty sure is the whole point of this thread?
Yeah, the relief doesn’t go to agribusiness and might stand a chance of benefiting individual humans, so both parties agree it’s always bad and they’ll never do it.