Comments on: In the meantime, retaliatory regulations contribute to China’s inflation! http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/ for students and teachers of AP and IB Economics Sat, 22 Nov 2008 08:57:10 +0000 http://wordpress.org/?v=2.6.3 By: Claire Moon http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2892 Claire Moon Thu, 27 Sep 2007 00:52:16 +0000 http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2892 I also agree with how China government made a wrong decision. According to what we learned in class, the price control would lead to more gap between price demanded and price supplied, and therefore, rather than making the price ceiling, I think the government should have provided subsidies or let the price led by the invisible hand. I also agree with how China government made a wrong decision. According to what we learned in class, the price control would lead to more gap between price demanded and price supplied, and therefore, rather than making the price ceiling, I think the government should have provided subsidies or let the price led by the invisible hand.

]]> By: Howard Jing http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2866 Howard Jing Wed, 26 Sep 2007 06:58:06 +0000 http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2866 I also agree that it is wrong for China to make importing foreign pork more difficult, just because many Chinese products have been recalled in the United States. However, I wonder what type of banned additive is supposedly in the United States and Canada. I also agree that it is wrong for China to make importing foreign pork more difficult, just because many Chinese products have been recalled in the United States. However, I wonder what type of banned additive is supposedly in the United States and Canada.

]]> By: Chris Seah http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2842 Chris Seah Tue, 25 Sep 2007 05:33:42 +0000 http://welkerswikinomics.com/blog/2007/09/19/in-the-meantime-retaliatory-regulations-contribute-to-chinas-inflation/#comment-2842 I feel that the Chinese government's move to control the prices of pork in the country are ignorant at best. I feel that they are taking advantage of the common people's lack of knowledge in economics and behavior of the market to make them live under the false impression that their government is really looking out for them in creating a price ceiling. It is also unwise of the government to make the importing of foreign pork more difficult; it only puts more strain on consumers so that the government can push their own political agenda. As suggested by Mr. Welker I do believe that the implementation of government subisides for pig farmers would greatly shift the supply curve and provide more pork AND at lower prices to the Chinese people who really need it. I feel that the Chinese government’s move to control the prices of pork in the country are ignorant at best. I feel that they are taking advantage of the common people’s lack of knowledge in economics and behavior of the market to make them live under the false impression that their government is really looking out for them in creating a price ceiling. It is also unwise of the government to make the importing of foreign pork more difficult; it only puts more strain on consumers so that the government can push their own political agenda.

As suggested by Mr. Welker I do believe that the implementation of government subisides for pig farmers would greatly shift the supply curve and provide more pork AND at lower prices to the Chinese people who really need it.

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