
Bingo! (Presidential debate edition)
Planet Money
Beware the Price Control Pitfall
High grocery prices ignite policy discussions, but there’s a critical distinction to make between price controls and banning price gouging. Economists widely oppose price controls due to their disruptive effect on market signals, as seen in historical examples like the disastrous 1970s price control measures which led to shortages and market dysfunction. Understanding this difference is key to navigating economic solutions without repeating past mistakes.
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