Ep. 428: Inflation, Price Controls, Gas Lines - It's The 1970s!

More Lines To Come With Price Controls: It is starting to feel like the 1970’s with out of control fiscal spending, inflation and now gas lines. We only have gas lines in certain parts of the country today as local government officials exercised gas price controls during the Colonial Pipeline shutdown. We could very well see similar price control policies from the Biden Administration and State Governments in the coming weeks and months in an effort to control inflation. The correct way to tame inflation would be to allow interest rates to float and to stop printing money to subsidize fiscal spending. Doing so would put an end to inflation and the debt double that grows worse by the day. If we are not going to allow interest rates to rise, then we ought to allow prices for goods and services to find a natural equilibrium. If Government decides to place its heavy hand on market prices as it has with gas prices, then the equal and opposite reaction will manifest itself in long lines at the grocery store, farmers’ markets, pharmacies and more. Perhaps we are on the cusp of another self-inflicted disaster that will benefit Amazon (AMZN), Walmart (WMT) and the various delivery services. Visit www.TEK2day.com for our latest articles and long-form reports. Purchase our Amazon Kindle Book for $9.99 here: https://www.amazon.com/Stagflation-Imminent-Jonathan-Maietta-ebook/dp/B091NB9V7M/ref=sr_1_3