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Used cars in Venezuela September 28, 2013 9:29 pm TB

More expensive than new ones.

This is thanks to government price controls, a time-honored socialist idea that’s been tried (and failed) probably a thousand times, and not just by socialists. Note that the Venezuelan government solution isn’t to dismantle the idiotic controls, but to crack down on the desperate attempts of the market to compensate.

Note also that one of the main features sold to us with nationalized health insurance is the ability of the government–the only payer–to “negotiate” prices, i.e. set artificially low prices for medical goods and services.

It will work no better the thousand-and-first time.

  • Very nice of you to be concerned. That, and the toilet paper problem you noticed, have a common problem. by bowser 2013-09-30 23:14:09
    • First they came for the toilet paper, by ER 2013-09-30 08:03:04
      • Remember Nixon's wage and price controls? by alcaray 2013-09-28 21:31:24
        • Yes, I do. by TB 2013-09-28 21:33:37
          • No you were supposed to say... by alcaray 2013-09-29 01:28:17

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