“By the end of the 1970s, the price of a gallon of gasoline had become one of the most explosive issues in American political life,” writes . “It still is.”
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"As we approach the midterms, more and more candidates, especially in the GOP, are running on anti-inflation platforms. It's nothing new," writes
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Congress can stabilize prices and reduce inflationary pressures through selective price caps combined with investments to increase the resilience of our economy, and write in .
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Price control under Roosevelt/War period:
Each company, shopkeeper, landlord or butcher was entitled to make a profit but not to profiteering. They had to “hold the line”... "
Thinking of recent profit figures of some companies.
Great piece by & .
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History shows targeted price caps work when accompanied by a public campaign, @MegJacobs100 and @IsabellaMWeber write in @madebyhistory. wapo.st/3AaKNVb
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Fantastic, clear-eyed piece from and on the promise and potential of intentional and strategic price controls.
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From and via : The way to fight inflation without rising interest rates and a recession
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Time to fight inflation with proven tools that help instead of hurt. #pricecontrols. See my history lesson with@IsabellaMWeber in
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To combat inflation, we need to consider options outside the Federal Reserve (as the the IRA reflects).
That includes looking at how the history of public investments and price caps could relate to today, write & .
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What is happening in LA today is a result of the failure to stabilize the cost of living at the national level in the ways that and foreground.
washingtonpost.com/made-by-histor
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Riot cops have flooded LA City Hall chambers ahead of a vote to criminalize homelessness.
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Economists warn that price controls never work. History says that’s not true. Targeted controls and large-scale investments present a real alternative to the stagflation that wreaked havoc in the 1970s and threatens us now. --
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Very thoughtful & timely from and on the theory, history, and politics of price controls as a response to inflation: washingtonpost.com/made-by-histor. Govts already regulate many prices (utilities, drugs, rents), it's not sacrilege to say they should do more.
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We can design our economy to protect people first. Read this excellent piece from on how price controls have worked well in the past, and why they are a vital tool for addressing today’s inflation, as my latest bill explores.
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Good to see that the possibilities of strategic price controls as described by are being considered seriously.
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Price controls sometimes work argue Princeton historian @MegJacobs100 & I @washingtonpost.
Targeted controls+ambitious investments present a tested alternative to rate hikes+recession. Let’s complement the IRA with the Emergency Price Stabilization Act.
washingtonpost.com/made-by-histor
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This is an absolutely fantastic piece by and on policy responses to rising prices. The fact that it's appearing in the Washington Post is a great sign for how the conversation around inflation is shifting.
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Price controls sometimes work argue Princeton historian & I .
Targeted controls+ambitious investments present a tested alternative to rate hikes+recession. Let’s complement the IRA with the Emergency Price Stabilization Act.
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See for important piece “In world of overlapping emergencies we need new forms of price stabilization" | Agenda Pública
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Sen Henry Jackson swearing in oil executives where he’ll charge them with #obsceneprofits
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Replying to @PrincetonSPIA @MegJacobs100 and @KQED
Step 1: hold congressional hearings that investigated price gouging by companies claiming “supply chain issues” while simultaneously producing record profits.
Step 2: threaten legislation to hold them accountable.
Step 3: watch prices “miraculously” go down.
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It helps to link sacrifice to patriotic acts, said . That's already happening with calling the war on his country a war on democracy.
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Russia’s invasion of #Ukraine is likely to increase inflation. History can help point us toward solutions, says via .
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🎙ON AIR:
is talking with & about the history of inflation in the US and what rising prices mean today.
❓ Do you remember a past period of inflation in the US? What parallels do you see?
📻 Listen:
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Spelling Bee- The New York Times nytimes.com/puzzles/spelli
Do you remember a time when the responsibility to contain prices fell to the citizen? takes us back to a time when our national approach to #inflation was far more personal ... and why we'll never tackle it that way again.
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I’m game. Time to look at history instead of orthodoxy. See Inflation Heresies by Dani Rodrik prosyn.org/b2MWV56
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For the moment, there’s a burst of media interest in the history of US price controls. Someone should organize a Zoom conversation among @andrewelrod, @MegJacobs100, @IsabellaMWeber, Hugh Rockoff, @bcwaterhouse, Samuel Milner,
etc, record it & post it for the edification of all.
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For a short history of price controls in the US and its relevance to the current Biden administration's "New Deal-style tools to lighten inflationary pressures" I recommend in the (12/24/'21).
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What can @POTUS do to improve public perceptions of the economy? @MegJacobs100 and I discussed with @FWhitfield on @CNNnewsroom. Loved the intro.
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Read this important piece by . And here’s some more history on wwii price controls . nytimes.com/2021/12/24/opi
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We have a powerful weapon to fight inflation: price controls. It’s time we use it | Isabella Weber theguardian.com/business/comme
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"You cannot protect your kids from everything. That is always true, and we’ve all had a master class on that in the last two Covid-filled years," writes .
"But maybe we – I -- need to realize that that is okay."
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“We’re not having an inflation problem,” Joel Benenson, a Democratic pollster, told . “We’re having a corporate greed problem. And the president should put the blame where it belongs.”
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“We don’t have an inflation problem. We have a corporate greed problem.” Read my piece on how liberal presidents have tackled inflation.
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"While Carter had lots of good ideas about how to “solve” the gas crisis of the 1970s, he didn’t match that with understanding the basic pocketbook needs of working Americans — and it cost him a second term."
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