One of the favorite activities of politicians is catering to various special interest groups. These special interest groups get richer and share some of their plunder with the politicians. Price controls are very populat with special interest groups. Everything from the Fed controlling the price of money (interest rate) which helps rich people get richer to the Department of Agriculture controlling the price of grain (parity prices) which helps big corporate farmers get richer.. There are no lobbying groups for consumers or small producers.
Lesson 49: Price Controls
Lesson 49: Price Controls
Lesson 49: Price Controls
One of the favorite activities of politicians is catering to various special interest groups. These special interest groups get richer and share some of their plunder with the politicians. Price controls are very populat with special interest groups. Everything from the Fed controlling the price of money (interest rate) which helps rich people get richer to the Department of Agriculture controlling the price of grain (parity prices) which helps big corporate farmers get richer.. There are no lobbying groups for consumers or small producers.