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
— Prof. 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.