Friday, May 17, 2013

The People of Venezuela Are in Dire Need of Toilet Paper

( ...)"Venezuela's socialist government has promised to import 50 million rolls of toilet paper (or maybe 25 million double-rolls?) and 760,000 pounds of food to make sure all citizens can eat and poop in comfort once more. “The revolution will bring the country the equivalent of 50 million rolls of toilet paper,” the country's commerce minister said. “We are going to saturate the market so that our people calm down.”

"As Dan Gross explains, the Venezuelan T.P. shortage is a fairly textbook case of well-intentioned safety-net planning run amok.

(...)"Price controls are a decent idea in theory, but when combined with strict currency controls and protectionist trade policy, they often do more harm than good. A onetime Charmin injection can't change the basic laws of economics." Read the story: The People of Venezuela Are in Dire Need of Toilet Paper by Kevin Roose, New York Magazine, May 17, 2013