Price Controls

Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.

Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense.

Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.

Sen. Joe Manchin has agreed to support a "Build Back Better" lite that proponents claim will reduce inflation, give us better weather, and "pay for itself" through price controls and taxes. Perhaps we should be wary of such political "victories" for the political elites.

Rent control was imposed in Stockholm to "stabilize" the housing market. Not surprisingly, "stabilization" has meant housing shortages and years-long waits for available apartments.

Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

Inflation is raging and progressives want action. What kind of action? They want to return to the 1970s regime of price controls.

Although Biden presented the formula shortage as caused by "forces" outside the USA, the shortage is homegrown. Bastiat could have explained why.

Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.

Ireland has been "experimenting" with MMT and price controls. The results are predictable.