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Price Controls Favor California Cheese Makers, Hurt Everybody Else

In Monty Python’s parody “Life of Brian,” bad acoustics and petty bickering make it difficult for a group of bystanders to catch all the details of a Sermon on the Mount. “I think it was. . . ‘blessed are the cheese makers,’ ” comes the translation.

Those aren’t words that inspire the faithful, but they do appear to have inspired agricultural regulators in California. During the past weeks, a battle over milk prices in the Golden State turned ugly, pitting dairy farmers against cheese makers, with consumers caught in the middle. Accusations of “bullying” and “shaving the truth” filled the air; but more pointedly, the confrontation exposed the utter insanity of a price-fixing system that would make Soviet central planners blush.

Source: Boston Globe. Read full article. (link)

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