Where finance and media intersect with reality


Gosplan watch: Why “targeted price controls” are rationing in everything but name

Screenshot 2022-08-09 at 18.54.06

Economically, there is a big difference between using maximum price caps or price controls to stem inflation and the use of rationing policies. The former does little to rein in consumption while the latter actually does. That price caps don't work has been known since at least the days of the late Imperial Roman period. […]

Premium Blog content is for Premium and Premium Plus members only.

Please log in or go to your account to upgrade your subscription.

To subscribe go to the subscription page.

For 24 Hour Full Access click here

The Daily Blind Spot newsletter

Latest blog posts

If viewing on a mobile simply tap the QR code