Saturday, May 29, 2010
- The Glory Of Government Fixed Prices
As if they haven't done enough to prove their stupidity lately, the Greek government has decided to order a 25% reduction in the price of all medical products sold in the country. This has caused the leading European Insulin maker to pull it's product from Greek shelves, since they would then be forced to sell at a loss.
Insulin giant pulls medicine from Greece over price cut
Once again, as if there were any doubt, price fixing has led directly and immediately to shortages. The same as it has the last 20 gazillion times the socialists tried it.
Can't these people ever learn anything?!