My new book

 I wanted to share a link to a new book I have written that you might enjoy.

https://www.amazon.com/Tent-Wilderness-Journey-Misery-Adventure/dp/B0DD7FT7H5?ref_=ast_author_mpb

Tyranny in Venezuela

 I wanted to share this link to a story about a brave, liberty loving young woman in Venezuela and what has happened to her for standing up for her rights.

https://ladiesofliberty.org/maria-oporeza/

Kamala Harris Flunks basic Economics

This will not take long.... Kamala Harris is running on a platform that includes imposing nationwide price ceilings on groceries. 

Aside from the arrogance of believing she is an expert in what prices should look like, there are two incredibly stupid flaws with her plan. 

First, if the government forces food prices down in the name of "fairness" to consumers, it will cause food suppliers to reduce output. This is because if prices are below the direct and opportunity cost of supplying these goods, it would be irrational to continue to supply. 

Second, if prices are driven down artificially, consumers will try to buy more. The combination of reduced output and greater purchasing attempts will cause shortages. Just like in Venezuela. Just like when Nixon did this in the early 1970's. Just like in the former Soviet Union. 

Why propose something so economically idiotic then? 

When Richard Nixon came out with his plan to freeze food prices the voters were so happy that he was re-elected in a landslide. 

That is because the vast majority of voters are economically ignorant. So, if voters want low prices and they are ignorant about where prices come from, it makes perfect POLITICAL sense to propose price controls.

 And that is why she did it. 

Afterall, she can't actually believe price ceilings will work.....