The Economics Show Do price controls really help with inflation? With Isabella Weber
Sep 9, 2024
Isabella Weber, an associate professor at UMass Amherst, dives into the heated debate over price controls in response to inflation. She discusses the concept of 'shockflation' and critiques traditional monetary policies as insufficient. Weber advocates for government measures like capping prices on essential goods to stabilize markets and support vulnerable populations. The conversation also contrasts U.S. and European approaches to inflation, shedding light on the challenges and complexities of effective economic policy.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 2min
Understanding Shockflation and Inflation Dynamics
01:34 • 11min
Navigating Inflation: Essential Sectors and Price Controls
12:44 • 13min
Contrasting Economic Policy Responses: Europe vs. the U.S.
25:59 • 4min
Exploring Price Controls vs. Price Gouging Legislation
30:12 • 4min