3 ms·
A powerful weapon to fight inflation: price controls. It’s time we consider it
- aww_dang 5y agoWhen will they learn? https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices
- HarryHirsch 5y agoMeanwhile prices for medical procedures in Germany have been fixed for over 100 years with no ill effects. It depends, it seems. (Interestingly, German Wikipedia gives a much more differentiated view on the Edict than the English one.)
- nomorecommas 5y agoNever, apparently. https://mises.org/library/inflation-and-price-control https://mises.org/library/inflation-and-price-control