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11min chapter
Ryan Bourne on *The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy*
Macro Musings with David Beckworth
The Power of Prices in Economic Coordination
The chapter explores the significance of prices in market economies, discussing their role in efficient allocation of resources and influencing consumer behavior. It highlights how market prices convey essential information and act as incentives for both consumers and producers. The conversation emphasizes the risks of government intervention in price controls and illustrates the intricate coordination facilitated by prices in global economic systems.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode