Nonsense! Ny Mag Sells ‘Price Controls’ to Fight Inflation

January 7, 2022

Inflation is skyrocketing, so let’s make matters worse! That seems to be the logic behind the “price controls” New York Magazine This is an important idea for fighting inflation.
In a piece headlined, “Who’s Afraid of Price Controls?,” author Eric Levitz made the argument that the “widespread tendency to dismiss price controls of any kind as economically illiterate, while defending interest-rate hikes as economically wise, reflects custom more than reason.” But Levitz spent a major portion of his argument undercutting himself. A similar argument was made in a recent case by Levitz. The Guardian was considered “tantamount to …

Read the source article at Pluralist
2022-01-04 17:28:29

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