2 ms·
Price controls have a bad reputation from there enforcement by corrupt and reactionary governments of the past, but there's a very strong case being made by mai
by tootie 3y ago
Price controls have a bad reputation from there enforcement by corrupt and reactionary governments of the past, but there's a very strong case being made by mainstream economists that there's a path to doing it properly: https://www.project-syndicate.org/magazine/inflation-targeted-price-controls-alternative-to-interest-rate-hikes-by-isabella-m-weber-2023-03 https://www.project-syndicate.org/magazine/inflation-targete...
- whimsicalism 3y agoUMass Amherst is a known center of heterodox economic thinking, her views do not reflect the mainstream at all. The problem with price controls is not that the government enforcing them is 'reactionary.'