Price Controls in Iraq--Still!. The Economist reports that "Baghdad's petrol stations are drier this month than they have been since just after the American-led invasion of Iraq in 2003. Some drivers wait for as much as 24 hours, sleeping in their vehicles." The US-controlled puppet state continues to enforce price controls that require petrol be given away (1 cent per litre). Did the Soviets ever do anything this stupid when they invaded and conquered a country? (pointer from MargRev) . A shortage of petrol in Iraq is like a shortage of Mesquite in West Texas, but somehow US central planners pulled it off.
[Mises Economics Blog]
There's a saying that a great salesman could "sell ice to an eskimo." Well, a politician could create an ice shortage among eskimos.
2:14:56 PM 
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