Swedish Rent Control Exposes the Problem With Government Price Controls

Swedish Rent Control Exposes the Problem With Government Price Controls

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Government price controls are a bad idea that just won’t go away. With prices skyrocketing, you’ll hear some people on the left argue that the US government should implement price controls. Meanwhile, President Biden’s “Build Back Better” plan would impose various price controls on prescription drugs. To the economically illiterate, price controls seem like a great idea. If greedy companies are charging too much money, pass a law to make them stop. But as Don Boudreaux explained in an essay published by the American Institute for Economic Research, price controls impose their own costs. No government intervention into a market...
Source: https://www.newswars.com/swedish-rent-control-exposes-the-problem-with-government-price-controls/