Biden’s Covid “Supply Commander” is Bad Medicine, Prescription for Crony Capitalism
Centralizing supply chains by government decree is likely to create more problems, not fewer. Some companies will get favored status. Existing supply chains will be cut. Inefficiency is likely to increase.
(From Mises)
On his website, Biden elaborates on his plan, declaring that his “supply commander” would “take command of the national supply chain for essential equipment, medications, and protective gear.”…
…Leaving aside Biden & Company’s… assertion that America’s medical industry reflects any sort of unfettered laissez-faire operation, his proposal for a centralized, command-driven medical “supply chain” under the direction of a government commander betrays a stunning ignorance of the complex and interconnected patterns of production and exchange that make up the economy.
This article was originally posted here: https://www.ac2news.com/2020/12/bidens-covid-supply-commander-is-bad-medicine-prescription-for-crony-capitalism/.
