Macro Musings with David Beckworth cover image

Ryan Bourne on *The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy*

Macro Musings with David Beckworth

CHAPTER

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.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner