Are rate rises the only way to stop inflation?
Grattan Institute
00:00
The Pros and Cons of Price Control
Price control seems like a really nice simple idea. Inflation's too high, why doesn't the government just say certain sectors of the economy can't raise their prices? Well it probably won't work overall but there's some pros and cons so it's definitely worth discussing. By capping price in one area what simply happened is that yes prices can do and that particular segment of the economy but people then had more money to spend on other things.
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