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Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles? (lemmy.crimedad.work)

submitted 4 weeks ago by [email protected] to c/[email protected]

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cross-posted from: https://jorts.horse/users/fathermcgruder/statuses/113008342518705813

Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles?

#economics #HarrisWalz #PriceControls #gouging

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[–] [email protected] 1 points 4 weeks ago

There's no reason the government can't produce things, but, to your point, the stockpiles would be built up when prices are low and only sold off when prices start increasing too quickly. The program might still operate at a net loss, but that's okay if it successfully protects working class people from price gouging.