History may not always repeat, but it rhymes. As seen in just about every situation where socialism and government intervention in the market economy of any nation is triggered, eventually you get to the point where government solutions to their created crisis take center stage.
We have seen this exact scenario repeated in the former Soviet Union, Poland, Europe, Cuba and more recently Venezuela. The triggers are the same, and the outcomes are identical. Now, as unbelievable as it may seem, Joe Biden’s socialist policies have triggered the discussion in the United States.
CTH warned this was going to become a narrative; and we saw the first signs of it at the White House podium on January 12th.
WASHINGTON – People are paying a lot more for food, gas, cars and services, and inflation isn’t over yet as the pandemic continues to distort the economy. So, should governments consider setting the price of essential goods?
It’s been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding “no.” Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.
“Price controls can of course control prices — but they’re a terrible idea,” David Autor, a professor of economics at the Massachusetts Institute of Technology, remarked in a survey published earlier this month by the University of Chicago. Asked whether price controls similar to those used in the United States during the 1970s could reduce inflation over the next year, less than a quarter of economists surveyed said they agree while nearly 60% said they disagree or strongly disagree.
[…] with annual inflation running at a four-decade high of 7% and midterm elections approaching, price controls could feature in future debates about how to reduce prices, particularly if actions taken this year by the Federal Reserve fail to tame inflation. (read more)
See that emphasis of mine in the above paragraph. Yeah, the same University of Chicago at the epicenter of Alinsky crowdsourcing.
Accepting socialism in the United States does not come easily. To use the lingo of the Marxists, it comes as an outcome of a “larger conversation” where we begin to “reimagine a nation of greater equity.” Every nudge begins with the opening of a conversation…
Create the crisis. Fuel the crisis. Then offer government solutions for the crisis. Use the crisis to advance the goal.
[Barack Obama and crew are smiling at CNN right now.]
Affirmative action people, with Gender Study college degree are running our economy.
Spellcheck.
“….are ruining our economy.”
You can edit your comment.
Sorry. No you can’t.
😉
Maybe it’s a mistake; maybe not.
Substitute “racial/sexual privilege” for “affirmative” action.
Look at jen psycho for great example.
An English major who flunked hs math I’ll bet …. yet she seems to be screeching and blathering her idiotic responses to the WH press corps trained seals nearly every damned day on the boob tube (not like I watch that sewage just see clips online).
Envy is running our economy.
“The whole gospel of Karl Marx can be summed up in a single sentence:
“Hate the man who is better off than you are.
“Never under any circumstances admit that his success may be due to his own efforts, to the productive contribution he has made to the whole community. Always attribute his success to the exploitation, the cheating, the more or less open robbery of others…This basic hatred is the heart of Marxism.” – Henry Hazlitt (Author: Economics in One Lesson)
f*%K ALL OF THEM
My dad had a volkswagon in the ’70s and still couldn’t afford to drive to work.
Price Controls eliminate the genious of Adam’s Invisible Hand.
Chaos ensues.
Yes. “Should government take control of prices?” Only if you want to create scarcity and unemployment.
AND still have inflation.
We skipped right over socialism.
No, we’ve been sliding down that hill since the 70’s. They just kept blaming capitalism for all the ills while we slid. Convenient scapegoat for their socialism.
No, we started in 1932, when FDR was elected and brought us Social Security. Which was then enhanced and expanded in the 1960s with welfare and Medicare. If it had stopped there we might be far less in debt than at present. But we all know that a Democrat led government never stops expanding ways to buy votes and enrich its cronies.
According to Marx, socialism is only a transitional stage from capitalism to communism anyway. Guess it was a short transition.
explains why no one who promotes socialism can give a definitive answer on exactly what socialism is supposed to look like. Because, socialism is a journey. Not the destination.
HELL NO, they would just f**k it up more!!!!!
Exactly! A gazillion times!
make US so bad the illegals wish to go home lol
Better outcome would be they vote for Donald Trump endorsed candidates. That would be poetic.
That would be racist. Didn’t you hear Chuck saying today that this is not the old GOP (gee, wonder where they stole that concept) — that it is now “Donald Trump’s GOP” which means that we are actively “taking away votes from black and brown people” (They just can’t stop that obsession with the color of people’s faces and bodies…)
Quaking with fear over our president. (and us.) So much that they couldn’t care less that they are telegraphing that fear every time they bring out the “PDT is a white supremacist” slander (just became one on election night….never was before that or Herschel or somebody would have noticed.)
It happened in 2010…
How long before an open letter is signed by 270 economists and economic professors calling for the government to “take action” to control the price of gas and food? This would restore public trust in ChiCom Joe’s ability to grow/handle the economy!/s
Of the 270, a significant portion will be students and activists.
Who are unemployable.
If you can’t do…teach…
If you can’t do . . . criticize…
And if you can’t teach…teach gym. 😂
If you can’t teach anything, administrate (and “evaluate” teachers. )
The previous goto number was 17. I guess that wasnt impressive enough.
Joe can’t even handle a bowel movement!
“It was Henry Ford who said in substance this: ‘It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning’.” – Charles Binderup, 19 March 1937 in the House of Representatives (Congressional Record—House 81:2528)
Spend 46 minutes to watch this and you will end up knowing far more about how the monetary system works than probably 99% of people on this planet:
Money as Debt I – Revised Edition 2009 (Full Movie)
Equity = everybody’s poor
Well, not quite everybody will be poor.
Some animals are more equal than others.
Except for our Betters 🙄
Gotta keep that congressional slush fund going. And of course, every “green energy” grant is money in the pocket of some congress member’s kid, whose “company” immediately goes bankrupt, so no need to actually do anything.
Retired Magistrate here: When the supply chain crises really hits, if you have people that you can trust, contact them about trading certain foodstuffs for items that they have that you don’t and vice versa. I know we are all trying to stock up the best we can; however, they may be items that we forget to get or run out of.
If you can afford a generator, (if you can find one) might be smart to buy one now. Time is getting short to stock up on what we might need in the future.
Saw my chiropractor today, who gave me good suggestions about natural medicines I can take if I can’t get my prescriptions refilled. I have a 90 day supply but I can’t refill them until I get down to around a 15 day supply.
Things do go in cycles: FDR and his price controls and really controls on everything, Truman had price controls for a short time after World War II, Nixon, Carter with gas and utility rationing and now maybe Biden. These controls never work. Looks like it is time for a new generation to find out they don’t.
So, we continue to prepare, really investigate who the people we can trust are and most importantly, pray for our country to be restored to its founding principles. I believe GOD has given us a wake up call; that we need to return to HIM, depend on HIM and give HIM the glory.
This illegitimate administration is made up of unqualified, in over their heads imbeciles. And that includes their puppet masters. The entire installed administration is incapable of managing a hamburger stand.
The “Venezuela” jokes are about to become reality. Are there even lifeboats for this sinking ship? A handful know How to swim, a few can cling to the debris, but most will drown.
At least there will be economic equity for the masses; the Commissars will be fine as usual. Welcome to the USSA!
This plane is being deliberately crahsed. The solution is to replace the pilot.
Let’s roll!!
Jeb!
Central planning from DC, what could go wrong?
roving bands of gangs that seize the food for free, instead.
Although I guess “what could go wrong” is in the eye of the beholder.
I would rather deal with the mob/mafia. I have had dealings with them. As long as you take the long view and accept the house always wins you can deal with it. The mob/mafia is at least pragmatic in areas of business
Pay what you owe, never rat on your friends.
Looks like we will be eating roving marauder!
What could go right??
The puppet masters pulling the White House imbecile’s strings, were the architects of a previous failed administration. Failed policies is what they excel at.
By design.
Most assuredly true.
This bunch will mess it up worse than the Soviets ever thought of doing.
Sure, what could possibly go wrong?
Before you jump in and agree, reflect on how well the Post Office ha done and Amtrak. The PO claims that it works without Federal assistance. They overlook the fact that the Feds pay for all of the retirement system, and yey the P still has to raise rates.
How about VA Admin and VA Hospitals?
The VA… original failed obamacare
And hasn’t COVID been handled just randy, dandy!!!!
CDC, WHO, NIH….who wants that crowd overseeing your health?
0bamacare is a yuge success as well.
Carter was a genius in comparison.
and Mother Theresa (and we still had good music back then, like the Ramones and slightly backdated Led Zeppelin, while today that rap crap is the poor excuse for music, with Hunter’s experiments filling in for “art.” The culture has been destroyed.)
Carter was just incompetent, Biden et.al. are pure evil.
https://news.yahoo.com/u-grocery-shortages-deepen-pandemic-180518711.html
The consumer-packaged goods industry is missing around 120,000 workers out of which only 1,500 jobs were added last month, she said, while the National Grocer’s Association said that many of its grocery store members were operating with less than 50% of their workforce capacity.
there’s a pretty large strike on at Kroger facilities where I am from, too.
Let it burn.
King Soopers employees in the Denver/Boulder area are on strike.
I loathe that picture. It’s so spot on – arrogance, narcissism, psychopathy all rolled into one dangerous package.
How do the pampered and privileged become so filled with hate for the system and the people that allowed them to succeed?
And how many homes do the Os own now?
Those who cannot remember history are doomed to recreate the gas lines of the 70’s.
And Chile just elected a young avowed Marxist. Has wasted 2 presidential with Marxist Michelle Bachelet, daughter of an Allende Communist , and yet Chileans STILL don’t realize that they have squandered the great economy that Pinochet left them.
Idiots. More S. American dumbasses, hurtling in ever more poverty.
The government shouldn’t be in control of anything! That’s why we’re in the mess we’re in right now.
whatcha gonna do about it, peasant???
The concept is very simple – if your selling price cannot be above your cost, you will withdraw what you are supplying to the market.
Government cannot designate and control the cost of every single thing down to what it cost to produce raw materials.
They act like the economy is a stick figure drawing when it is as complex as a real human body.
Next: suicide control. It isn’t illegal enough.
The SC would never allow it….It’s just a communist wish
Not just NO, but FOXTROT NO!!
Simple solution, defund the entire federal government. We are better off without them. We have 50 independent state governments that would need to step up to care for the poor and elderly. Send all of the federal bureaucrats packing.
The feds have usurped too much power, not specifically provided in the constitution. All powers not specified in the constitution are delegated to the states. Terminate them all.
Then start over with a finite balanced budget.
No kidding! They are just useless as tips on a boat. Nuke it from space, as Ripley said.
“Greater equity,” in leftists’ minds, means “I get to tell you what to do and say and what NOT to do and say, and no, I won’t leave you alone.” Heh. Note how there is a subtle taking over of power there while the pretense is “I’m only doing what’s best for everybody, and why are you being so selfish that you won’t go along with my what I say, which is only fair and just and best for everybody?”
(”And disregard the fact that I have several mansions and a jet, ‘cause I have to travel, while you get to live in a cubicle and give up your car because climate change.”) (”No, I can’t ‘just drive.’ I need a JET!”)
(Oh, and we’re reimagining everyone’s safety, which means defunding your police. You can still walk by the gate and say hi, as the cop will now be on my private security detail.”)
(”YES, paid for by you, and quit being so selfish. We’re all in this together!.)
The old Commie Top down, Bottom up, Inside out plan.
“We have seen this exact scenario repeated in the former Soviet Union, Poland, Europe, Cuba and more recently Venezuela.“
Yes correct, but what makes this situation unique is that it is happening all over the globe. It’s would have been impossible to imagine just a couple years ago.
I said it was coming, like it did during the Nixon years, price controls.
Thought some may enjoy watching these
Sundance, thank you, while not disagreeing about the more subtle aspects of long term advancement of socialism I think this round of opinion influencing is much more contemporary. Look at the headline question asking if government should control prices on gas and food. They know most Americans still correctly believe the answer is no. Get it? Since government shouldn’t and doesn’t have control of prices it then shouldn’t be blamed for prices so how can anyone out there be blaming Biden for prices? Not his fault. He’s government. Government doesn’t and shouldn’t control prices. Tefloning 101.
wait what? You blocked my comment? Please clue me into why. Thank you.
POTATUS.
Joetato..
Its related
FKS
Should the government take over food and gas prices?
NO. This isn’t the Soviet union, Cuba, or Venezuela.
That would be a total disaster.
Gresham’s Law dictates that bad money drives good money out of circulation. In an inflationary cycle, tangible goods serve for good money, and currency for bad. Historically, when confronted with price controls in a peacetime setting, producers in large numbers have opted simply to hoard their wares rather than trade them for currency of ever diminishing value. This is why price controls yield less, not more, of a given product. So, unless the government is prepared to chain workers to their tasks, the program is doomed to failure.
No matter. The loony Left will support any nonsense so long as the people they don’t like are forced to suffer.
Rome ended up setting food prices too, and forcing farmers to stay on their land to produce what they were ordered.
Worked out really well.
Everything a DEMOCRAT touches turns to fecal excrement. Im being polite with type, will not be so understanding with 556!
Then be can all buy bicycles and starve. What has the problem has the government ever made better?
The Einsteins at cnn really mean ‘We think government should control prices of everything’
But they put it in the form of a question
Who is John Galt
CNN HAS ABOUT 550,000 TO 700,000 VIEWERS A DAY/ How many people watch TV, podcasts, social media? More jelly beans in a jar then the number of viewers for CNN
Price controls = shortages = government takeover of production = shortages.
They already control the prices indirectly. They used that control to get the prices hiked up high enough to discuss full control.
Good thinking.
It was tried to save Carter’s dumb ass, didn’t work then either.
The government taking over energy and food is the scariest thing I have heard in a long time. If you think things are bad now just wait until the government tries to help you.
The Liberal Uniparty’s, goal is to control everything. The Uniparty wants to control what goes in your body, how, when and where you will spend your allocated money, and monitor all your communication.
Should you not follow directions properly, off to the reeducation camp for several months if you learn quickly, or longer if needed. Just look at the state of Washington, and the liberal legislation they are considering.