Ultimately, interest rate caps would cost Americans access to a convenient and reliable source of credit. Instead of saving them money, a rate cap would push consumers into worse credit options.
While Trump has not yet turned to price controls to address America‘s absurdly high drug prices, Monday‘s executive order suggests that he soon may. Price controls would only worsen the problem with the drug market. Here are three things he can do instead.
As egg prices rise, the usual progressive suspects claim it is due to monopoly power by egg producers, calling for government intervention. However, the real reason is government intervention itself.
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.
Progressives blame the free market for insulin prices and want to impose price controls. But, government regulation is to blame.
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food. Of course, when that happens, Harris simply will blame capitalism.
Dr. Jonathan Newman joins Bob to analyze Kamala Harris's proposals against price gouging, and how some mainstream economists defend Government price controls.
