[In This Economy] Beware the allure of price caps on fuel and food
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When prices are rising and people are hurting, politicians want to be seen doing something. Price controls are visible, immediate, easy to explain, and therefore popular. But the economics is clear: they almost always create more problems than they solve.
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When prices are rising and people are hurting, politicians want to be seen doing something. Price controls are visible, immediate, easy to explain, and therefore popular. But the economics is clear: they almost always cr...