Politicians blame “corporate greed” for the formula shortage. But it’s their own destructive policies that are to blame.
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Why is there a formula shortage?
It’s not Covid shipping delays. Capitalism works. Other supermarket shelves are filled.
“It’s clearly government policy that’s causing the biggest problems,” says trade specialist Scott Lincicome from the Cato Institute.
You would never know it if you listened to the media. They focus on the company that voluntarily recalled some formula, Abbott Nutrition.
The real reasons for the shortage are actually worse than you think.
“We have a tariff and regulatory wall around the country,” says Lincicome.
So babies and parents suffer.
I explain in the video above.