2013 May 19 Sunday
Venezuela Government Refuses To Understand Basic Econ

Price controls in Venezuela are causing shortages and long lines. The Venezuela government claims a conspiracy is behind shortages of sugar, flour, butter, and toilet paper. The toilet paper shortage is causing long lines

About a fifth of products are not available.

According to data from Venezuela's Central Bank, the scarcity index rose to 21% last month, the highest since the bank started tracking the measure in 2009. This means that out of 100 goods, 21 are not available.

The Venezuelan government wants to use the calming effect of a glut of toilet paper: "We are going to saturate the market so that our people calm down." Who knew? Got a disturbed person on your hands? Buy them large amounts of toilet paper. It is like Valium.

Know anyone in Venezuela? You could send them a very large crate of toilet paper. They'll be able to use it to calm their nerves. With a 10 year supply they'll be able to give some away to earn favors with their bosses, co-workers, neighbors, and many others.

Share |      By Randall Parker at 2013 May 19 10:32 PM 

destructure said at May 20, 2013 5:34 PM:

Combine the poor sanitation of South America with a T.P. shortage and I'd say you have the makings of a real revolution on your hands -- pun intended. See, now that's why I support a free market. Because there's nothing worse than not having enough paper in a moment of dire need. LOL

Dan said at May 21, 2013 8:22 PM:

The thought of a whole nation of people with their pants at their ankles hopping around trying to get some toilet paper saddens me.

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