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The Dangers of Price Controls

 
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Nội dung được cung cấp bởi Hillsdale College Podcast Network. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Hillsdale College Podcast Network hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

SEPTEMBER 2024 | VOLUME 53, ISSUE 9
The Dangers of Price Controls Henry Hazlitt and Brian Wesbury

The first issue of Imprimis, published in May 1972, featured an article titled “The Dangers of Price Controls” by Henry Hazlitt. The Federal Reserve back then was printing large amounts of money to fund massive government spending on Great Society programs launched during the presidency of Lyndon Johnson. As a result of printing so much money, the U.S. economy was suffering from rapid inflation. To address inflation, Federal Reserve Chair Arthur Burns and the Nixon administration dreamed up wage and price controls.

Today we face a similar situation. The Federal Reserve has been printing a lot of money to fund the huge expansion in the size and scope of government that took place during and after the Covid pandemic. In response to the resulting inflation and the political unrest that comes with it, Vice President Harris and others are promising to outlaw “price gouging”—in other words, to impose price controls—which will eventually lead to wage controls as well, since production and prices involve both in an intimate way.

Because economic truth remains the same today as it was 52 years ago, we are reprinting Henry Hazlitt’s article from 1972, but with edits and updates by Brian Wesbury that bring Hazlitt’s classic piece into today’s world.

Free Lifetime Subscription to Imprimis

Imprimis is Hillsdale College’s national speech digest. With over six million readers, it is also America’s largest and fastest-growing opinion publication. Fill out the form below to begin receiving Imprimis via mail, email, or both at your home or business.

The post The Dangers of Price Controls appeared first on Hillsdale College Podcast Network.

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98 tập

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Manage episode 447445913 series 3483998
Nội dung được cung cấp bởi Hillsdale College Podcast Network. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được Hillsdale College Podcast Network hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

SEPTEMBER 2024 | VOLUME 53, ISSUE 9
The Dangers of Price Controls Henry Hazlitt and Brian Wesbury

The first issue of Imprimis, published in May 1972, featured an article titled “The Dangers of Price Controls” by Henry Hazlitt. The Federal Reserve back then was printing large amounts of money to fund massive government spending on Great Society programs launched during the presidency of Lyndon Johnson. As a result of printing so much money, the U.S. economy was suffering from rapid inflation. To address inflation, Federal Reserve Chair Arthur Burns and the Nixon administration dreamed up wage and price controls.

Today we face a similar situation. The Federal Reserve has been printing a lot of money to fund the huge expansion in the size and scope of government that took place during and after the Covid pandemic. In response to the resulting inflation and the political unrest that comes with it, Vice President Harris and others are promising to outlaw “price gouging”—in other words, to impose price controls—which will eventually lead to wage controls as well, since production and prices involve both in an intimate way.

Because economic truth remains the same today as it was 52 years ago, we are reprinting Henry Hazlitt’s article from 1972, but with edits and updates by Brian Wesbury that bring Hazlitt’s classic piece into today’s world.

Free Lifetime Subscription to Imprimis

Imprimis is Hillsdale College’s national speech digest. With over six million readers, it is also America’s largest and fastest-growing opinion publication. Fill out the form below to begin receiving Imprimis via mail, email, or both at your home or business.

The post The Dangers of Price Controls appeared first on Hillsdale College Podcast Network.

  continue reading

98 tập

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