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.

The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.

Last year, Joe Biden and his administration claimed that inflation was "transitory." This year, Vladimir Putin gets the blame. Next year, Biden will blame American businesses. And the beat goes on.

The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.