Some politicians have seized on itas as a sign of corporate greed. High prices are clear a problem, but there is symptom. They are not the cause of the problem. As far as the market functions, they can be a signal that there is a problem,. There is a critical short supply that needs to be addressed. But so far, this has primarily been tough talk and rabble rousing. It's not actually led to concrete policy action. And i think we have to hope that it stays that way.
China’s Communist Party leaders have painted themselves into a corner: they cannot be seen to put the capital into lockdown, but permitting covid to spread could be catastrophic. We look into the myriad reasons behind America’s sharp shortages of baby formula, and how to solve them. And why it is illegal for women to get a manicure in Turkmenistan.
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