Would government price controls help solve our inflation problem?

August 2, 2022
News

University Professor Peter OrazemPeter Orazem, university professor, was interviewed by Marketplace for the story "Would government price controls help solve our inflation problem?" The Marketplace story examines whether a temporary wage and price freeze by the US government would mitigate the possibility of a recession.

Discussing the difficulty of the government figuring out prices for millions of products, Orazem told Marketplace “Prices may not be the same everywhere. Some places may have too much of a product, and other places have too little. You want the product to move from places where you have surplus to places that have shortages, and the price signals create that incentive.”

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