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.]
Jacob Grier is a freelance writer, bartender, cocktail consultant, and magician in Portland, Oregon. He writes, eats, and drinks a lot. His articles have appeared in the print or online editions of The Washington Post, The Atlantic, The Los Angeles Times, Reason, The Oregonian, and other publications.
Are you dead?
Whatever happened to the frequently posting Jacob we know and love?
Hey there. Still alive, just distracted by things in the real world for a while.