China’s Heavy-Handed Solution To The Semiconductor Shortage

China is taking a page out of the Keynesian central banking playbook on how to micromanage an entire economy and is now reportedly fining auto chip sales companies for driving up prices.  And, as central banks will soon find out, we expect China to find out the hard way that you can't print, fine, or tax your way to productivity.

  The price increases are likely a normal result of a shortage of supply in semiconductors, which has plagued auto manufacturers for the better part of the last year. China's State Administration for Market Regulations…