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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (763515)	6/2/2022 3:34:32 PM
From: TimF	Respond to of 793955

Formula for a Shortage Zvi Mowshowitz May 19 Previous coverage (not required in any way): Formula For Dying Babies Great Formal Workups of Much of This (Scott Lincicome): America’s Infant Formula Crisis and the ‘Resiliency’ Mirage. And another from Derek Thompson at The Atlantic. If you want a shorter summary, both of those are excellent. Also, together they fight crime did a podcast. Last week I chronicled that there is a shortage of baby formula, especially specialized baby formula, due to a combination of the same reasons that hold whenever there is a shortage of anything. The playbook never changes. Restrict supply and subsidize demand. Not only do we subsidize demand, we do so via the WIC in a way that forces market consolidation and inflexibility in support. Supply is restricted to begin with in both classic ways, onerous regulatory requirements and outright protectionism via tariffs and quotas, even with those with whom we have free trade agreements. On top of that the FDA is involved. If you’re familiar with such dynamics none of this is surprising or all that new. This is written more as a reference post for the future, and for those who are not intimately familiar with how such things work. The memes come easily. There are a few more I saved for later on. I am going over this again, now that the full picture is clear and politicians have made various new insane statements, because the situation is so perfect. It’s terrible, in the sense that mothers are panicking and having trouble finding formula to keep their kids alive. I’m quite unhappy about it happening. What I mean is that this is the perfect example of a situation in which all the things our government likes to do combine to create a mysterious completely unnecessary shortage of a vital product via driving out most potential suppliers. Then those forces combine to prevent the problem from being fixed, and those responsible then blame capitalism and corporations for a problem they would have handled quite well if they’d been permitted to do so... thezvi.substack.com

To: TimF who wrote (763515)	6/2/2022 3:56:16 PM
From: D. Long	3 Recommendations Recommended By garrettjax goldworldnet pak73 Read Replies (2) \| Respond to of 793955

Same problem is apparent in Colorado. There's a severe shortage of supply, and new construction was severely dampened by the housing collapse and the construction defect litigation mill in the state. I expected my house to be its current value in about another 15-20 years, not 10 years after I bought it. We're getting close to California home values here in the Denver metro. A new construction single family home, 4 beds, ~2500 sqft is over $700k. Resale isn't much different.