Cuban Food Shortages: Another Red Flag

Aside from raising our moral hackles, price controls have demonstrable effects on wellbeing: price controls increase poverty and hunger. Contrary to the utopian dreams of policymakers, price controls distort market activity in perverse ways. They are meant to lower prices on goods and make it easier for people to acquire them; and they might help some people and score political points — both are temporary — but they cause shortages instead.

Cuban Food Shortages: Another Red Flag