Price Controls Don’t Work Even Under Penalty of Death

Nico Antuna Cooper is a university lecturer and works in the borderland. He witnesses the cultural opportunities of Bitcoin in both Latin America and the United States on a daily basis.

Inflation is reaching a level so high that even mainstream news sites care now. Across the board, the average American is seeing an increase in prices in almost everything. From real estate to groceries to gasoline prices, consumers are getting less for more in nearly every sector. Even the massaged CPI inflation calculations provided by the government are looking pretty bad these days. As a result, policymakers like Elizabeth Warren are proposing legislation to enact widespread price controls and prevent “price gouging” across the country, protecting the consumer from the coming storm of hustlers.