CNN Reporter Suggests Price Controls With the Worst Analysis Ever
We can count on the mainstream media to come up with some terrible takes on the issues that plague us. Sometimes their ideas are even worse than the ones the Democrats in Washington can devise.
Someone sent me a tweet from CNN that linked to an article that posed a question with a one-word answer.
Should the government control the price of food and gas? https://t.co/dJKn8t4sMQ
— CNN (@CNN) January 18, 2022
CNN reporter Charles Riley could have sufficiently answered that question with the shortest article ever: “No.”
Yet he goes on for 917 words. He even answers the question in the second paragraph when he writes, “It’s been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding ‘no.’”
It’s almost like Riley tried his best to find somebody to take the bait. He quotes one MIT professor, who called price controls a “terrible idea.” He then approaches Austan Goolsbee, one of Obama’s economic advisors. Because if anybody is going to look for a government-controlled solution to a problem, it would be somebody from the Obama administration, right? – READ MORE
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