Inflation and a Price Caps Pressure Cooker

price caps
Comments (1)
  1. Rick Shapiro says:

    Notwithstanding the reactionary and cruel politics of Hayek and von Mises, they are absolutely correct about the importance of prices as the signal that directs investment and consumption into beneficial allocations. Rather than destroying that information by imposing price caps, an enlightened government would ameliorate the lot of people who are being impoverished by a sudden price shock, by implementing a FEMA-type agency that distributes temporary cash (without a long term promise) to people in those circumstances.

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