Call it a statement of the obvious, but prices organize the market economy. As they go up and down, the movements exist as information for producers and providers of what we want more and less of. But...
Tag: price controls
Why The Federal Reserve Can’t Solve Food Price Inflation
Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images The Federal Reserve has raised interest rates another 50 basis points, in an attempt to tamp down inflat...
Price Controls in Illinois Speak to The Limits of the Fed’s Rate Machinations
On March 23, 2021 Illinois legislators imposed an interest rate ceiling of 36 percent on all non-bank and non-credit union loans under $40,000. The stated intent was to reduce the burdensome cost of i...
Just What The Doctor Ordered
“But the Commitment is still important, because it illustrates the glaring contrast between the two … [+] parties — especially on contentious issues like health care — and lays the groundw...
Uber Creates Abundant Supply, Price Controls Create Shortages
Do you ever wonder why there’s generally always an “UberUBER ” when you need one? Don’t worry, the post-lockdown exception to this rule will be discussed at conclusion. For now, think about why Uber i...
The Ultimate Price Of Government Price Controls
WASHINGTON, DC – AUGUST 16: U.S. President Joe Biden (C) signs The Inflation Reduction Act with … [+] (L-R) Sen. Joe Manchin (D-WV), Senate Majority Leader Charles Schumer (D-NY), House Ma...
Better Solutions For Rx Problems
Price controls could mean 135 fewer new drugs in the next two decades. Corbis via Getty Images The reconciliation bill Democrats in Congress are about to pass will impose price controls on prescriptio...