THE “SHORTAGE” OF TOILET PAPER IN VENEZUELA.

THE “SHORTAGE” OF TOILET PAPER IN VENEZUELA. I posted here six years ago about Venezuela’s use of price controls and pointed out that “shortages and price controls are two sides of the same coin.” This article in USAToday by Peter Wilson describes the toilet paper shortage in Venezuela. Wilson says: “Venezuelans have grown accustomed to food shortages over the past decade as the result of the country’s foreign exchange and price controls.” He lists some of the products for which there have been shortages in Venezuela in the last ten years, including milk, butter, tooth paste, sugar, and soap. Now it’s the price of toilet paper that’s too low to clear the market.