Archive for the ‘Price controls’ Category

You’re under arrest: your prices are too high …

November 13, 2013

Here in the U.S., we just whine about high prices.

Not so in Venezuela.

According to USA Today, the Venezuelan government cracked down on soaring inflation by sending troops into appliance stores to slash prices.

Venezuelan bargain-hunters rushed Daka — an electronics chain similar to BestBuy –after the socialist government ordered a military “occupation” of the company’s five stores to force the company to charge customers “fair” prices.

image

Things got pretty ugly …

(more…)