Archive for the ‘price controls’ Tag

Is price gouging a problem?

2/28/23, The Indicator (9:13)


Teaching Ideas

Summary:┬áRecent surges in prices for important commodities like eggs and oil have led to a flurry of politicians and advocacy groups decrying “price-gouging.” But what exactly is price-gouging? As the podcast highlights, most economists would argue that it is a highly subjective concept, rather than a technical economic term.

Posted March 6, 2023 by ishanitewari in THE INDICATOR

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Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation   Leave a comment


During World War II, when inflation was very high, the United States government took many different actions to fight it including implementing an income tax, rationing, and price ceilings. Today we have the Federal Reserve which means we will hopefully not have to resort to these drastic measures to fix inflation ever again.

Original Air Date: February 8, 2022

Length: 23 Minutes 24 Seconds