Birdwatch Note Rating
2024-10-25 16:58:34 UTC - HELPFUL
Rated by Participant: F5731BEC213D3B3297C0A12BF7357D4A8235A76063237394ABC84953A2674514
Participant Details
Original Note:
There is extensive empirical evidence that gov price controls to combat inflation are ineffective at best, or lead to shortages and even higher inflation at worst. https://www.cambridge.org/core/journals/journal-of-economic-history/article/abs/forty-centuries-of-wage-and-price-controls-how-not-to-fight-inflation-by-robert-l-schuettinger-and-eamonn-f-butler-washington-d-c-the-heritage-foundation-1979-pp-186-995/BBE78D40D29D3D6EE7DA701AF591D650 https://cdn.mises.org/Forty%20Centuries%20of%20Wage%20and%20Price%20Controls%20How%20Not%20to%20Fight%20Inflation_2.pdf
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