yeah i guess we are pretty much done. i think you realize i was 100% right from the start, which is why you distracted the issue to the question about price controls during war, hoping to catch me on saying they "never" work. i think now you realize that was a mistake on your part and have nothing left. i feel like you learned something and that is good. a few days ago you probably had the idea that rent controls are useful on occasion, but now i doubt you think that. cheers.
Wrong. You don't get to concede on my behalf or state what you imagine I think. Do you feel all warm and fuzzy now that you have invented a justification scenario?
Right. Again, the fact is that price controls created shortages in world war 2, just like they did every other time they were I acted. This is one of theasons resources were so scarce. For the most part even a war cannot reverse the basic truths about economic theory. So again, I suggest you simply learn how supply and demand works. I am sure there a thousand Econ students on campus that can explain it for you.
That is another lie. Price controls were enacted to ameliorate shortages that were caused by the friggin' war. Preposterous lie. Cheerleading for yourself reveals the pathetic weakness of your argument.
it is true that is why they were enacted. they are always enacted because of affordable housing shortages, einstein. well done. i told you a thousand times that politicians enact price controls because they dont understand any economics. thats not the issue. the issue is whether they work. they dont. they make more shortages. again, this is a fact well understood by anyone who has the simplest understanding of basic economic theory. in fact i happened upon it yesterday when i was reading about health care: "During World War II, the government financed much wartime spending by printing money while, at the same time, imposing wage and price controls. The resulting repressed inflation produced shortages of many goods and services, including labor." try to understand what those words mean, guy. http://www.hoover.org/publications/hoover-digest/article/7298
Well bullshit, there are economists who disagree. Famous economists including the ones in charge of wartime price stabilization. Get off your high horse and look around. Note the phrase "repressed inflation". Controlling runaway inflation was what exactly price controls were intended to do and they worked as intended. And the "shortages" you refer to were excess consumption during times of wartime expansion. Oh, I understand. You simply cite the economists that you agree with and ignore the others. Ever hear of an economist named John Kenneth Galbraith? He wrote the book on price controls (literally) in 1952. In WWII, Galbraith believed that the supply side or the cost push element attributed to inflation, and price controls were useful to keep inflation under control without reducing employment.
see you dont actually want to artificially repress inflation, again, for the hundredth time, because it causes shortages. shortages suck. please, please pick up an economics textbook and learn the simplest concepts. you can price control all you want, but the item stil has the value that the market says it has, so the price control will necessarily cause a shortage. oh god this is simple.
