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.]
Are you dead?
Comment by David Barzelay — February 6, 2006 @ 9:46 pm
Whatever happened to the frequently posting Jacob we know and love?
Comment by Ben — February 7, 2006 @ 9:12 am
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