the only doubt i have is about whether politicians are dumb or in bad faith (meaning they need to show they are doing something when price controls have been repeatedly proven useless at best or detrimental). the idea of centralized planning and control is embedded into the mindset of too many people. they can't accept that you need to let prices free to float so demand and supply will get the right information. it is a simple concept, no need to read Hayek or Mises
You would think, or at least hope, that after the disastrous collapse of their economy in 2009 that some lasting lessons learned the hard way would prevent the adoption of this sort of "remedy". Guess it didn't quite sink in.
I can see the United States government enacting any number if those proposals and if not the Federal government then diffently the various state governments coming to the aid of the poor and middle class! Just my humble opinion.
One comment. I’m married to an Economist who constantly reminds me that inflation is not caused by rising prices. Inflation occurs because governments expand the money supply. Price rises to ration scarce goods. Some goods affect others as noted: the rising price of gasoline increases the cost of shipping and/or producing other goods.
Finally somebody - thank you. Pretty clear.
Simple and clear. Excellent job
the only doubt i have is about whether politicians are dumb or in bad faith (meaning they need to show they are doing something when price controls have been repeatedly proven useless at best or detrimental). the idea of centralized planning and control is embedded into the mindset of too many people. they can't accept that you need to let prices free to float so demand and supply will get the right information. it is a simple concept, no need to read Hayek or Mises
You would think, or at least hope, that after the disastrous collapse of their economy in 2009 that some lasting lessons learned the hard way would prevent the adoption of this sort of "remedy". Guess it didn't quite sink in.
I can see the United States government enacting any number if those proposals and if not the Federal government then diffently the various state governments coming to the aid of the poor and middle class! Just my humble opinion.
One comment. I’m married to an Economist who constantly reminds me that inflation is not caused by rising prices. Inflation occurs because governments expand the money supply. Price rises to ration scarce goods. Some goods affect others as noted: the rising price of gasoline increases the cost of shipping and/or producing other goods.