Too Big World

The Blog of Gordon Milcham

Venezuela’s no-food porn explained

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Milton Friedman
Food shortages are man-made.

We โ€ชโ€Žeconomistsโ€ฌ donโ€™t know much, but we do know how to create a shortage. If you want to create a โ€ชโ€Žshortageโ€ฌ of tomatoes, for example, just pass a law that retailers canโ€™t sell โ€ชtomatoesโ€ฌ for more than two cents per pound. Instantly, youโ€™ll have a โ€ชtomatoโ€ฌ shortage.โ€ช

milton friedman

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