Rebel Capitalist News WTF? The Government Just Announced Reverse PRICE CONTROLS
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Oct 16, 2025 Delve into the controversial concept of reverse price controls, as a government strategy to set price floors under scrutiny. Explore the implications of national security justifications for economic intervention, particularly with rare earths. The discussion shifts to the slippery slope of central planning and the risks of government overreach. Tackling industrial policy versus free markets, George critiques the notion of strategic industries. He warns about the unintended consequences of government intervention and questions misleading narratives surrounding China's impact on U.S. manufacturing.
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Reverse Price Controls Explained
- The government announced 'reverse price controls' that set minimum prices instead of caps.
- George Gammon warns price floors are a radical shift from historical price controls and distort markets.
From Rare Earths To Broad Intervention
- The policy starts with rare earths but risks expanding to other industries like EVs.
- Gammon emphasizes the slippery slope of defining 'strategic' industries for intervention.
Define Your Line In The Sand
- Decide a firm 'line in the sand' about what government interventions you will oppose.
- If leaders cross that line, push back politically and withdraw support.