Join the Debate!
All comments and users are subject to Townhall's new comments policy.
Login in to Post Your Comments
Jerome49 Wrote: Sep 26, 2012 5:57 PM
Where do you get this "Almost all Republicans would instead side with price controls..."? You sure don't speak for this Republican. I lived through the Nixon years of 'wage/price freezes'. They don't work. Do not presume to speak for anyone but yourself.
Login to Reply
Flag as Offensive
Post Comment
Joseph64 Wrote: Sep 26, 2012 8:32 PM
He is thinking of the Nixon years but that was a bad policy that in retrospect no sane person today would ever endorse again.
Login to Reply
Flag as Offensive
Post Comment
Here's a question: If there's a disaster, a war, a severe drought or some other calamity that restricts future supplies of a commodity -- such as oil, coffee or corn -- what is the intelligent thing for people to do right away? If you said "use less now and try to produce more," you'd be absolutely correct. That's not rocket science, but understanding the machinery involved in getting people to do so is a bit more challenging.
The best way to get people to use less and produce more is to allow prices to rise. For example, say a...
Understanding Economics