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London (CNN Business)People are paying a lot more for food, gas, cars and services, and inflation isn't over yet as the pandemic continues to distort the economy. So should governments consider setting the price of essential goods?
It's been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding "no." Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.
"Price controls can of course control prices — but they're a terrible idea," David Autor, a professor of economics at the Massachusetts Institute of Technology, remarked in a survey published earlier this month by the University of Chicago.
www.cnn.com
Accepting socialism in the United States does not come easily. To use the lingo of the Marxists, it comes as an outcome of a “larger conversation” where we begin to “reimagine a nation of greater equity.” Every nudge begins with the opening of a conversation…
Create the crisis. Fuel the crisis. Then offer government solutions for the crisis. Use the crisis to advance the goal.
theconservativetreehouse.com
It's been done before, typically during times of crisis, but for most mainstream economists, the answer to this question is a resounding "no." Limiting how much companies can charge will distort markets, they argue, causing shortages and exacerbating supply chain problems while only temporarily reducing inflation.
"Price controls can of course control prices — but they're a terrible idea," David Autor, a professor of economics at the Massachusetts Institute of Technology, remarked in a survey published earlier this month by the University of Chicago.
Should the government control the price of food and gas?
People are paying a lot more for food, gas, cars and services, and inflation isn't over yet as the pandemic continues to distort the economy. So should governments consider setting the price of essential goods?
www.cnn.com
Accepting socialism in the United States does not come easily. To use the lingo of the Marxists, it comes as an outcome of a “larger conversation” where we begin to “reimagine a nation of greater equity.” Every nudge begins with the opening of a conversation…
Create the crisis. Fuel the crisis. Then offer government solutions for the crisis. Use the crisis to advance the goal.
Signal Flare, CNN Asks if Government Should Take Over Food and Gas Prices - The Last Refuge
Accepting socialism in the United States does not come easily. To use the lingo of the Marxists, it comes as an outcome of a "larger conversation" where we begin to "reimagine a nation of greater equity."
theconservativetreehouse.com
