Thursday, September 27, 2012

Belgian Government Thinks It Can Overrule Supply and Demand

An EPJ reader emails:
I don't have any links yet to any articles in English, but today the Belgian government announced "they want a bazooka against high prices".

Starting next year, every 6 months, a gov agency "will evaluate and correct prices".
Price controls only lead to shortages, waiting in lines, favoritism, and lack of innovation. The Beligans should really enjoy this.

1 comment:

  1. via Google translate:

    A new "price Observatory" will monitor prices and make adjustments.

    That's not a bazooka against high prices. It's a bazooka against entrepreneurs and consumers alike. What is the Belgian government thinking?