Controvercy of Government Price

Controversy of Government cost Control Michael Traino Economics The thought of gasolene prices rising to quadruple dollars per gallon by summer 2008 seems to intimidate a volume of throng in the Baltimore-Washington metropolitan area. A lot of people are wondering how they are going to afford the tramp in gas prices with no increase in salary. This eff brings out a controversial battle that people fill been debating for a long time. The question that is being asked is should government ill-use in and put an end to corporate freedom and machine price control? While the idea of government controlled determine tends to be attractive and relieving for some consumers it has potential to hinder others. Furthermore, its important to examine this argument even more in depth and look at how it will positively and negatively impacts the economy and contrast as a whole. The question that is up for debate is will this controversial idea really utility the economy. Many individuals when considering price control would feel that it is a very helpful idea especially those that fetch more of a financial struggle. The United States government has implemented price controls during divers(a) situations in the past to help its citizens sustain their living conditions.

near examples of this were during World War I and II to help with gas prices, bread, and living expenses to protect the lower class (Rockoff). Another manner of price controlling the United States government has implemented is restriction against usury, which is simply preventing companies from charging people high interest loans in times of desperation. This was another limitation that the government put on business to try and help citizens and the economy (Rockoff). It has been suggested that price controls can have a psychological benefit for people as well. Price controls can be utilize as a ready fix for the prevention of inflation. This method can be used to ease the... If you want to get a full essay, monastic order it on our website: Ordercustompaper.com

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