News

News

Friday
July, 1
More

    The Case for Strategic Price Policies

    AUSTIN – With a single commentary in The Guardian (and an unintended assist from New York Times columnist Paul Krugman), economist Isabella Weber of the University of Massachusetts injected clear thinking into a debate that had been suppressed for 40 years. Specifically, she has advanced the idea that rising prices call for a price policy. Imagine that.

    The last vestige of a systematic price policy in America, the White House Council on Wage and Price Stability, was abolished on January 29, 1981, a week after Ronald Reagan took office. That put an end to a run of policies that had begun in April 1941 with the creation of Franklin D. Roosevelt’s Office of Price Administration and Civilian Supply – seven months before the Japanese attack on Pearl Harbor.

    US price policies took various forms over the next four decades. During World War II, selective price controls quickly gave way to a “general maximum price regulation” (with exceptions), followed by a full freeze with the “hold the line order” of April 1943.

    To continue reading, register now.

    As a registered user, you can enjoy more PS content every month – for free.

    Register

    or

    Subscribe now for unlimited access to everything PS has to offer.

    %post_title%

    Last Mile Source

    Find us on

    Latest articles

    - Advertisement - spot_imgspot_img

    Related articles

    Plans for bigger defense budget get boost after bill...

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...

    Commander Craig: 007 star made honorary Royal Navy officer

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...

    House passes $1 billion for Iron Dome system in...

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...

    5 missing after Navy helicopter crashes into sea off...

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...

    Afghan allies who applied for special visas still in...

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...

    New Taliban head of security for Kabul is wanted...

    BOSTON — Massachusetts Gov. Charlie Baker announced Tuesday he will activate up to 500 members of the...