In this video, Patrick Bet-David explains the effects of government-mandated price controls and how they impact the economy. These policies, although often well-intentioned, can have detrimental effects on the economy.
PBD also addresses the misconception about profit margins in grocery stores, emphasizing that the average margin is only 1.6%. This statistic contradicts the notion that food producers are engaging in excessive profiteering, or “price gouging.”
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