How Government Created the Baby Formula Shortage — and a Black Market for “Unapproved” European Imports

Source: Foundation for Economic Education
by Jon Miltimore

“As many know, the US is confronting a shortage in baby formula that has grown quite serious. What started as complaints on Twitter of ‘out of stock’ messages on Amazon purchases has turned into a national panic. CBS News reports that at retailers across the country, some 40 percent of the top-selling baby formula products were out of stock as of late April, according to an analysis from Datasembly. … The story got enough traction to finally get the attention of the White House. On Monday, Press Secretary Jen Psaki said the government is doing its best to address the shortage …. A closer look at US trade and regulatory policies reveals the government itself is primarily responsible for the baby formula shortage.” (05/12/22)

https://fee.org/articles/how-government-created-the-baby-formula-shortage-and-a-black-market-for-unapproved-european-imports/