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Transcript

The Focus LBK Show EP 50: Something Wicked This Way Comes?

Cool events for men, couples and people who want a clean car; Plus Be Ready--Price Controls Could Signal Food Shortages or worse

What’s Going On?

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Something Wicked This Way Comes?

V.P Harris’ economic policy proposal is concerning because it ignores history. She proposed Price Controls to lower inflation. This means the government would tell people who make, produce and build things what they can charge for the goods and services they produce.

Price Controls have a 4000 year history of causing food shortages and even famines. We touch on these and related issues in Down the Prairie Dog Hole.

The Broken Window Fallacy

In economics, we recognize everything has a cost. People who believe in the “Broken Window Fallacy” think that destruction of property or capital is good for the economy because the owner of the broken window must pay to have it fixed. This means the glazier or glass repairman gets paid. Money is moving around in the economy—stimulating the economy. So even destructive acts, like war, are good for the economy.

This notion It is false because it overlooks the fact that the owner has to repair the window out of funds he already has and which he had planned to spend on something else. Now, instead of adding a new employee, or fixing his roof or whatever, he has to replace the broken window, leaving him with that much less available money to do other more needful things.

Learn more here: https://www.lewrockwell.com/2015/04/gary-north/the-broken-window-fallacy/

Here’s more about the Disastrous Record of Price Controls:

https://www.zerohedge.com/political/forty-centuries-failure-price-controls-debasement-tyranny

https://www.armstrongeconomics.com/armstrongeconomics101/economics/kamalas-economic-plan-will-terminate-the-us-economy/

https://www.zerohedge.com/political/kamala-harris-proposed-price-controls-may-lead-communism-mass-starvation-end-america

Here are previous articles that may help you fight inflation and be prepared.

How to Store Food to Help Fight Inflation

·
May 23, 2024
How to Store Food to Help Fight Inflation

Government loves to print money via the Federal Reserve because it allows them to fund everything from wars to social programs without having to raise our taxes. This helps politicians get votes which keep them in power.

Preparedness in the Panhandle

·
March 1, 2024
Preparedness in the Panhandle

You've no doubt heard that wildfires are raging nearly uncontrolled not too far to the north of our fair, flat city. In fact, these flames had placed in jeopardy the Pantex Nuclear Facility. Did you know that there was a facility …

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