Baby-Formula Shortage Was a Government Failure

I find Fred Hochberg’s solution to our current inflation woes (“Imports Would Give America a Boost,” op-ed, July 8) to be off target. He cites the baby-formula shortage as an example of how imports would relieve the problem. But that is only part of the story of the government-controlled baby-formula industry.

There are four major U.S. manufacturers that supply over 90% of the formula. The government has erected almost insurmountable barriers to entry; only one company, ByHeart, has entered the industry in the past 15 years. The government imposes both...