Washington’s Soviet-Style Price Controls
Heritage Action’s communications director, Dan Holler, is back this week with a new column about price controls. Washington, D.C. listened to public pressure last week and opted not to enact minimum fare demands on the popular taxi alternative company, Uber. Unfortunately, according to Holler, Congress is trying to enact such price controls on crops:
“Welcome to Washington, where politicians engage in Soviet-style protection from competition for politically influential industries.
“Sadly, that characterization extends beyond the DC City Council to our lawmakers in Congress. Last week, after the House Agriculture Committee passed a nearly $1 trillion farm and food stamp bill, the committee chairman touted the ‘absolute importance of real price protection in a farm bill.’
“Real price protections, like the production limits we have in our dairy programs? Remember, just last week Speaker John Boehner (R-OH) said, ‘We’ve got a Soviet-style dairy program in America today, and one of the proposals in the farm bill would actually make it worse.’
“The daylight between the chairman and the Speaker is one of many reasons the massive farm and food bill is unlikely to see time on the House floor.
“The massive market distortions in the farm bill are everywhere. Rather than allowing farmers to respond to market forces (i.e., the demands of American and global consumers), they are responding to incentives (and disincentives) from Washington.”
You can read the full article here.