Would Price Controls Work?
Making the Argument with Nick Freitas
Nick Freitas
4.4 • 743 Ratings
🗓️ 3 September 2024
⏱️ 132 minutes
🧾️ Download transcript
Summary
What exactly are price controls? Have they been tried before? Do they work? Are they a reasonable and even desired form of government oversight, or are they an ineffective and dangerous form of government meddling in the economy? We will answer those questions for you today AND equip you with everything you need to know to answer the question: Should the Government Impose Price Controls?
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Transcript
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| 0:00.0 | So what exactly are price controls, right? Is this, is this some sort of new concept that Kamala Harris is talking about? Or is this something that has been tried pretty much across space and time for at least 4,000 years that we know about? And is there any merit to it? Right? It's really easy to take something like this and to categorize it as good or bad, but are the various conditions where price controls might |
| 0:21.4 | be necessary? And quite frankly, what specifically are prices? Because I think everyone obviously |
| 0:27.1 | engages with prices, but do we really ask ourselves what they mean and what they represent within |
| 0:32.3 | the economy? Because this is not just a relevant question to what is going on right now within |
| 0:36.8 | this presidential election, with growing inflation issues with with everything that is frustrating people on a very |
| 0:42.6 | very basic level around the dining room table and everyone is looking for what are you going to do |
| 0:47.4 | to fix it and so when someone says price controls well if you're someone that has watched the price |
| 0:53.1 | of your groceries go up exponentially over the last few years if you're someone that suddenly feels like |
| 0:59.0 | the job that you felt comfortable in and was perfectly capable of fulfilling all of |
| 1:03.6 | your basic economic needs is no longer getting the job done not because you did |
| 1:07.4 | anything wrong not even necessarily because maybe your company's doing anything |
| 1:10.4 | wrong but because everything is more expensive. |
| 1:12.5 | When you hear we need to put price controls on some of these businesses that are gouging people, |
| 1:17.5 | that just seems to make sense. |
| 1:19.7 | The question is, does it? |
| 1:22.3 | And that is the very important question that we are going to answer today on making the argument. |
| 1:27.0 | I'm your host, Nick Freitas with me in the studio, my beautiful bride, Tina Queen of the Bees. |
| 1:30.8 | Hello, everyone. And then of course we have our resident historian and political prognosticator |
| 1:35.6 | Christian Heinz. How you doing, man? I'm doing well. I am, Hamilton and I are preparing for a |
| 1:41.4 | trip over to the UK that we're going to be taking starting on Friday. |
| 1:46.6 | Well, that's all the UK needs right now is more foreigners. |
| 1:47.0 | Yeah. |
... |
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