Dear CIGAs,

Price controls historically are a disaster being discussed among adults

This is nonsense beyond stupidity.

Controls are artificial, meaning they have never worked in economic history as a method of trying to correct price problems caused by the planners themselves.

The dislocation that will be cause scarcities will wreak havoc on industrial and private consumers.

The plotters that got us into this problem could do anything, but like every exercise of controls in history, the economic dislocation caused by sophomoric attempts at price controls is biblical.

Anyone ever positively discussing this is a world class idiot.

Brazil, Argentina oppose commodity price control
Updated Sunday, February 13, 2011 11:00 pm TWN, AFP

SAO PAULO — Brazil and Argentina came out Friday against a French proposal to be put to the G-20 to regulate commodity prices whose recent rises are blamed for a spike in food costs.

“We have similar positions” on that and other issues, Brazilian Finance Minister Guido Mantega said in a joint media conference with his Argentine counterpart, Amado Boudou, in Sao Paulo.

“If there’s one thing that has to be done, it’s encourage growth and production and not hinder it,” he said.

Boudou said the two countries, both major commodity exporters, would present the united front in a G-20 finance meeting in Paris next Friday and Saturday.

France has said it plans to use its chair of the G-20 group of big developed and developing nations to push for commodity price regulation in a bid to block what it saw a speculation in the market of food crops such as grain and cereals.

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