Jacob Grier: Coffee, Cocktails, Commentary & Conjuring

Jacob Grier

Coffee, Cocktails, Commentary, and Conjuring

January 25, 2006

Price controls to help the poor

Last sentence of article:

“President Hugo Chavez decreed price controls on coffee and other basic food staples in 2003 to counter inflation and protect the poor.”

First sentence of article:

“CARACAS, Venezuela (AP) - The government on Monday said it was raising the regulated price of ground coffee in stores by 60 percent in a bid to end a dispute with producers that has caused a crisis around Venezuela’s beloved drink.”

In between, a case study of price controls making a mess of the market and hurting the very people they’re meant to protect.

[Via Coffee and Caffeine.]

Posted by Jacob Grier at 1:01 am in Economics| Food and Drink



Comments

  1. Are you dead?

    Comment by David Barzelay — February 6, 2006 @ 9:46 pm

  2. Whatever happened to the frequently posting Jacob we know and love?

    Comment by Ben — February 7, 2006 @ 9:12 am

  3. Hey there. Still alive, just distracted by things in the real world for a while.

    Comment by Jacob Grier — February 7, 2006 @ 12:49 pm

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