The Effect of Price Controls on Inflation

Isabella Weber got trashed by the big names in her profession for urging selective price controls to break inflation. John Kenneth Galbraith who had the job of price control in World War II and it seemed to work is Isabella Weber vindicated by now should we be doing sort of ad hoc Alakart price controls, she says. She was rounded out as a heretic but in fact she's right because if you look at the 70s and that way why would interest rate increases do anything about this stuff it's exactly the wrong tool,.