price controls

Español Mexico's former president, Vicente Fox, defended the liberalization of fuel prices, arguing that by the end of 2017 "we will be living in a much better situation than we are today," noting that the free market measure is good…
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Español The Argentine government will extend for four months to the "Careful Pricing" plan that began under the tenure of his predecessor Cristina Kirchner in January 2014, in order to oversee the pricing of certain products amid…
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EspañolRecent parliamentary elections in Venezuela saw the opposition Democratic Unity Roundtable (MUD) win a supermajority in the National Assembly. With the MUD winning 109 of the 164 general seats, and all three of the indigenous…
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EspañolPrices are an economic mechanism that transfer information from consumers to producers and vice-versa. They are the essential component for decision-making, financial planning, savings, investment, innovation, and consumption.…
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EspañolUndaunted by the severe shortage of basic goods, long lines outside grocery stores, and record-high inflation rates, the Venezuelan government is planning to step up its economic controls. "We are going to tighten the screws…
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Español"I'm laughing to keep myself from crying," a Walmart customer in Argentina told the PanAm Post. She was talking about the brand new digital price tags that large supermarkets in the South American country have begun using, making…
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EspañolThe Panamanian government has once again extended the deadline on "temporary" price controls on basic food products. Panama enacted the emergency price controls on July 7, 2014, through Executive Decree 165. Originally, the measure…
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By Andrea Rondón GarcíaEspañol The right to ownership consists of using, enjoying, and disposing of tangible and intangible property in any way the individual sees fit. In the words of Chilean constitutional lawyer José Luis Cea Egaña,…
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EspañolAn astute academic once noted that the first lesson of economics is scarcity, but the first lesson of politics is to disregard the first lesson of economics. One might be tempted to attribute this enduring conflict, between…
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EspañolOn Wednesday, January 21, Venezuelan President Nicolás Maduro spoke before the National Assembly to lay out the national government's plan for 2015. While the president was expected to present his administration's 2014 report, he…
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EspañolPrice controls in Panama are not going away any time soon. The national government announced on Wednesday that the emergency price holds on 22 food products will be extended until June 2015 — six more months than originally planned.…
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EspañolGovernment just cannot seem to learn that price controls and interventions in the market always do more harm than good. In fact, suppressing the free market by regulating prices is often the exact opposite of what an ailing economy…
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