Ep. 37: Bad Idea of the Year - Wage and Price Controls

Cents and Sensibility: the Inflation Guy Podcast

Aug 22 2022 • 34 mins

Why can't policymakers take a year off from dumb ideas every now and then? In this episode, the Inflation Guy addresses the various concerning clues that Powerful People are thinking about implementing wage and price controls to address high inflation. Because, evidently, they'd rather have shortages and ration cards. This is a bad idea; it has always been a bad idea; it has never worked and never will. Let's stop it before it gets started. (Yes, this is a rant.)