No Baby Formula? Thank The GOVERNMENT

The United States has been wracked by a deadly baby formula shortage over the past few weeks. The shortage has resulted in children being hospitalized and parents scrambling frantically to find the necessary product for their young. President Joe Biden invoked the Defense Production Act to prioritize the shipment of ingredients to baby formula manufacturers and also import more formula from European nations. Many commenters have mentioned several factors that exacerbate the shortage: trade restrictions (tarrifs), supply chain disruptions, FDA regulations, and so on.

Mr. Watson explores the philosophic themes revealed by the shortage and discusses how they demonstrate the true cause of this shortage. He draws upon an understanding of first principles, economics, and analogy to make a compelling case against protectionism and central planning. Watch for more!

#politics #babyformula #babyformulashortage #abbott #fda #joebiden #philosophy #americanpolitics #infants #traderestrictions #supplychain #covid19 #supplychaincrisis