6 Pack Discussions
6 Pack Discussions
Cody Willis and Jared Jones
Episode #25: Price Controls, where are they used and do they work?
58 minutes Posted Jan 18, 2022 at 1:00 pm.
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Economists don't agree on much, except that price controls result in a net negative long-term in most markets. When governments feel that certain prices need to be regulated, they impose a price ceiling or floor. This ensures the masses are not negatively affected by skyrocketing prices. In this episode, we talk about who benefits from price controls and who loses.