Dr. Rex Pjesky talks with me about price controls and answers whether or not they could reduce inflation. Dr. Pjesky walks us through the difference between inflation and measured inflation. We discuss the Chicago Booth Initiative on Global Markets survey, and why economists might actually agree that price controls could reduce measured inflation. Dr. Pjesky explains what the argument against price controls is from economic theory and evidence. Dr. Pjesky addresses a careful reading of survey question. Dr. Pjesky lays out how price controls can reduce measured inflation and the other types of damage it would do. We discuss the impacts of price controls on the ability to even measure inflation. Dr. Pjesky argues price controls would naturally causes changes in consumption patterns, and that these changes could actually impact measured inflation, but carefully noted this would not impact inflation itself. Finally, Dr. Pjesky explains that a careful reading of the survey results shows not a single surveyed economist thinks price controls are a good idea and echoes the sentiment of economists everywhere about price controls; “Just Stop, Seriously”.