Posted on 01/18/2022 3:35:31 PM PST by RomanSoldier19
eople 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?
t'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.
(Excerpt) Read more at msn.com ...
Sure if they want the global malaise to get worse. Recall the FDR administration. They did everything to make the Great Depression worse.
NOPE.
Sure, if you want the gas “crisis” that Jimmy Carter created in the 70s.
It’s failed every time its tried.
Absolutely! The ensuing disaster could be Biden’s greatest achievement!
Sure. It worked great in Venezuela.
No, unless you like eating Spam.
Hate it. Japanese stepdaughter loves it - seems to be well liked in JP.
If you have fifty pounds to lose this a great idea. You won’t have much food and will be walking everywhere.
How about government controlling what non vaxed people can do and whether they can leave their homes.
Controlling all workplaces based on vax proof, then possible membership in domestic terrorist groups (attended teacher meeting at local school, registered Republican, had suspicious searches on Google and unusual emails questioning authority).
Controlling use of their non EV and non self driving vehicle
by taking away their car.
Controlling and curtailing freedom of speech, expression, assembly and religious rites if these conflict with the government.
Have I forgotten anything?
Except /SARC
If it is deemed desirable to exacerbate food shortages then the Government should control food prices.
Spam, the most consumed product in Hawaii.
No…. Biden would raise it in red states…. And the press would justify it
Price controls work...for about a month or so. Then it’s yes, we have no bananas. We have no bananas today.
Exactly.
Just never got over the cosmoline like jel on spam.
Ugh.
The libs can just use the same ridiculous logic as with everything else, 'let the rich pay for it'
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