The Center Left Center of Gravity in American Economic History

Tim Stanley says price controls have been a staple of U.S. economic policy since World War II. He argues it's impossible to renormalize them in this moment of crisis. The idea is offensive to American ideology about private power in the economy, he says. But somehow there's no substitute for war in making people powerful do things they would not have done otherwise right? We're in a fake war with China and we have a kind of fake industrial policy that applies to price controls too - Stanley.