Carmelo Ferlito said the government lacks information to be able to determine the quantity of essential goods needed and their prices.
He said that throughout history, the involvement of governments in the provision of essentials has resulted in shortages and the rise of illegal markets, bringing suffering to consumers. “If you eliminate the market, you eliminate the supply, demand and price structure. You will not get any quantity and price right, and will only be guessing and navigating in the dark,” he told FMT.
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