Are Price Controls the Next Big Step? - 5/12/11

Will they blame speculators and other “market” factors on rising prices and then institute price controls?

In other words, will they continue to turn a blind eye to the real cause of government caused inflation and keep blaming the tiny bit of free market left in this country?

Also, can you grow food and sell it for silver? If not, can you “trade” food you grow for silver?

Certainly, as long as they believe they can get away with it (i.e. as long as most people believe what they’re saying). The alleged killing of Osama bin Laden suggests that they could ride this for a long time.

There aren’t any legal limits to that (as far as I know), but the IRS says that there is income-tax liability for bartering.

“There aren’t any legal limits to that (as far as I know), but the IRS says that there is income-tax liability for bartering.”

If you traded food or food products you grew for silver, it would be very easy to keep that from the traitor white and black bred boys at the IRS.

“Will they blame speculators and other “market” factors on rising prices and then institute price controls?”

It’s happening already.

Speaking about the Bamster:

But he said his administration hoped to see gasoline prices down significantly by the summer and was working to crack down on speculation and price gouging.

[Implicit in there]:Yes, it’s the speculators and the price gougers. Well, we know how to stop them, price controls, right?

Source: http://www.cnbc.com/id/43003679

“Windfall profits,” “speculation,” “price gouging.” These are the rallying cries of the ignorant to price controls. The result: more shortages! Price controls, either directly or indirectly, seem to be on the way and I don’t think they would face much popular opposition. These poor, ignorant people are leading themselves to their own demise.

“These poor, ignorant people are leading themselves to their own demise.”

your demise too, if you live in the US.

Unfortunately enough yes, I will be screwed along with the rest of them.