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Price Controls
A Category Archive (22 entries)
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September 16, 2008
Price Controls
Arnold Kling
From Don Boudreaux, This morning your reporter interviewed a resident of Galveston, Texas, about the effects of hurricane Ike. The person interviewed said that she went to the gasoline station before Ike hit to "top off" her tank. But she... MORE
September 12, 2008
Price Controls
Arnold Kling
The Knoxville Sentinel reports, Knoxville-area drivers are seeing more bags on gasoline pumps today as a petroleum shortage spreading throughout the Southeast hits local gas stations, groceries and convenience stores. But thank goodness there is no price gouging. Russ Roberts... MORE
May 7, 2008
Price Controls
Bryan Caplan
How expensive will gasoline have to get before the federal government brings back price controls? My guess is $5.50. What's yours?... MORE
January 30, 2008
Price Controls
Bryan Caplan
Yesterday I was explaining Singapore's clever approach to fiscal stimulus to Russ Roberts at lunch. During the explanation, I realized that I should probably back up and explain how tax cuts works in markets with price controls. But since I... MORE
September 4, 2007
Price Controls
Arnold Kling
Richard E. Wagner writes, There is an equivalence between a tariff and a quota as these are drawn on the blackboard...They are not, however, equivalent in practice. A tariff and a quota generally involve different institutional frameworks...With the quota, the... MORE
July 17, 2007
Price Controls
Arnold Kling
The Guardian reports President Robert Mugabe's order that all shop prices be cut by at least half, and sometimes several times more, has forced stores to open to hordes of customers waving thick blocks of near worthless money given new... MORE
December 29, 2006
Price Controls
Bryan Caplan
According to an engrossing biography of a Saudi princess I was reading, the Saudi government has imposed price controls on dowries. In the Saudi context, this means that the amount of money that men pay the family of the bride... MORE
March 12, 2006
Price Controls
Arnold Kling
Tyrone writes, Minimum wages probably lower the net amount of government intervention in an economy. Lower minimum wages would mean higher welfare payments to make up the difference. Ever heard of EITC? In reality, minimum wages and EITC work together... MORE
January 17, 2006
Price Controls
Bryan Caplan
As couple days ago, I wrote: But if my analysis is right, there will be some lucky workers who keep their jobs, don't immediately see their wages fall, and get extra health care. It will be easy to run a... MORE
January 11, 2006
Price Controls
Bryan Caplan
Tom DiLorenzo has a charming anecdote in the latest issue of the Free Market: During the post-war occupation of Germany, American "planners" rather liked the Nazi economic controls, including price controls, that were in fact preventing economic recovery. The notorious... MORE
October 10, 2005
Price Controls
Bryan Caplan
I just caught a story on Cap'n Arbyte that has to be read to be believed: Gasoline price controls in Iraq are responsible for retail gasoline shortages and a withering decline in refining capacity. BAGHDAD, Iraq (Reuters) — The country... MORE
September 1, 2005
Price Controls
Arnold Kling
The price gouger's best friend is my colleague Don Boudreaux. His latest letter-to-the-editor (he emails these to those of us on a distribution list, whether they wind up published or not) puts it quite succinctly. Byron Kass correctly notes (Letters,... MORE
July 7, 2005
Price Controls
Bryan Caplan
Radley Balko amusingly reveals that ACORN, a group that crusades for the minimum wage, has been trying to pay its employees below the minimum wage for years. Ad hominem attack, right? No, there's more to it: In a suit ACORN... MORE
August 13, 2004
Price Controls
Michael Munger
by Michael Munger Guest Blogger States have some ridiculous laws on the books, but some of the most interesting, popular, and ridiculous are those on price regulation. At bottom, they come down to this: Wouldn't it be better if there... MORE
December 14, 2003
Price Controls
Arnold Kling
Jonathan Oberlander and Jim Jaffe think that drug price controls are on the horizon. They say that this is what happened to payments to physicians and hospitals under Medicare. The government has habitually responded to budget stresses by changing the... MORE
November 30, 2003
Price Controls
Arnold Kling
Edward Lotterman tells fellow Minnesotans a parable to try to help them understand drug re-importation. The incomes of U.S. surgeons are substantially higher than those in any other country in the world. U.S. hospitals could save consumers tons of money... MORE
November 20, 2003
Price Controls
Arnold Kling
Some economists published a petition against drug price controls. Drug-price controls are more difficult to remove than other price controls. Controls on oil and other products often tend to be limited or short-lived, as voters eventually object to the resulting... MORE
October 1, 2003
Regulation and Subsidies
Arnold Kling
Posting here will be infrequent until later in October. Meanwhile, here are some links that may be of interest. Is the insecurity of Microsoft software an externality that should be regulated or taxed? An example of professional licensing as rent-seeking... MORE
September 23, 2003
Price Controls
Arnold Kling
C.C. Kraemer argues that laws against price gouging are a bad idea. rather than harming the victims, the profit motive actually helps them because the result is an increase in supplies. That assures that everyone who needs the plywood will... MORE
September 18, 2003
Income Distribution
Arnold Kling
Marc Brazeau asks (see Steve Antler's site), Two common arguments against raising the minimum wage are possible inflationary effects and job loss. Why aren't these issues raised in relation to executive compensation? I think that the conventional wisdom is that... MORE
August 18, 2003
Microeconomics
Arnold Kling
About a year ago, the big story in our local suburban newspaper was the adoption of a "living wage" bill in our county. This summer, the big story was the shortage of teenage jobs here. I was tempted to write... MORE
January 27, 2003
Price Controls
Arnold Kling
How has rent control worked in New York City? Exactly as textbooks would have predicted, according to this essay by William Tucker in the New York Post. During the 1920s, builders put up nearly 100,000 new apartment units a year.... MORE
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