Economic Expert, Steve Hanke Mocks Mutodi Over Price Controls

Professor Steve Hanke, an economist, has mocked Energy Mutodi, Deputy Minister of Information, Publicity & Broadcasting Services over his price control utterances. Mutodi had indicated in his Independence message via his twitter account that price controls were the panacea to Zimbabwean issues.

Below is a chat the duo had on twitter:

Congratulations to Hon. Energy for his idea of imposing more price controls in #Zimbabwe entering Hanke's Dictionary of Economic Stupidity.
Another great Zim idea on how to further destroy Zim's economy. Happy 39th Birthday, Zimbabwe. https://t.co/gb3pHPGtWD

— Steve Hanke (@steve_hanke) April 18, 2019

Commodity prices have been on the rise over the past 24 months. Some attribute the rise to the scarcity of foreign currency a scenario which is credited for fuel shortages and scarcity of several other basic commodities.

Related:

• Price Controls Don’t Work – Minister Ndlovu
• Mnangagwa Tells Business Not To ‘Invite’ Price Controls

 

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