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: Thomas Miller
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...