Li Keqiang Quotes
We must keep prices under control to ensure that price increases do not exert a major negative impact on people's lives.
Li, Keqiang. "Report on the Work of the Government." Xinhua News Agency, 5 Mar. 2014.
These appear to be the first economic regulations of New England. Note that although there was a Governor of the Colony, such economic issues were considered to be fundamentally religious in nature. Therefore Cotton—the leading cleric of the colony—was called upon to in effect legislate on the subject. Ironically, this is not terribly different from the theocracy in Iran or some other Muslim countries of today where like some of the early American Colonies, there was no separation of church and state.
The Black Plague, which raged in Europe from 1347 to 1349, had left relatively few able bodied people alive. Given this shortage of labor there was a rapid inflation, especially to the distress of the landed class who had to pay much more for their food. The king therefore established what amounted to price controls, wage controls and forces labor. See {611125} and {611126}
There were not many large companies in the agribusiness selling chemicals, fertilizers, pesticides and seeds to the farmers of America. When there was an attempted merger, the regulators were supposed to make sure that the merger press would not be responsible for higher prices as with the merger, there would be less competition. As Holcomb said in this quotation, the companies would typically tell the regulators how they merger would produce synergistic cost savings for the farm products. And in theory that wold be true in most cases. However once the company receives approval, the tend to claim the products are losing money and they must raise prices. And often that is true but the main reason for the loss is the cost of the money that they usually borrowed to pay for the acquisition.
Li Keqiang is a Chinese politician who is the current premier of the State Council of the People's Republic of China since 15 March 2013.
