LOOK: The Fruits of Socialism – Venezuelan Food Lines Austin Petersen March 18, 2014 Gov't Incompetence 7089 Share39K +185 Tweet542 Pin35 Share8 Share Reddit1 Stumble1 EmailShares 40K Socialism: Equal Sharing Of The Miseries A user from the popular image sharing site imgur has uploaded a series of photos showing food lines in Venezuela. The lines are undoubtedly the result of new price controls that President Nicolas Maduro has instituted as an effort to tame inflation. Follow TLR on Google+ The “Fair Price Law” is causing devastating shortages due to the fact that by putting caps on prices eliminates the the first law of economics, supply and demand. The law sets a maximum profit margin of 30% and requires firms to obtain “fair price” certificates to access dollars through the government’s currency system. People reportedly wait in line up to four hours to get food at the grocery store. Share39K +185 Tweet542 Pin35 Share8 Share Reddit1 Stumble1 EmailShares 40K Philosophy Professor: Jail Climate Change DeniersTrigger Happy Cop Arrested For Faking Burglary (VIDEO)About The AuthorAustin PetersenFounder Austin Petersen is the founder of The Libertarian Republic, as well as the CEO of Stonegait LLC. Formerly an Associate Producer for Judge Andrew Napolitano's show "Freedom Watch", on the Fox Business Network. Austin was referred to by the Judge as "The right side of my brain". He built Judge Napolitano's social networks with over 700,000 fans and millions of clicks a month. Austin graduated from Missouri State University. He has written and produced award winning plays and videos, and previously worked for the Libertarian National Committee and the Atlas Economic Research Foundation.