{"id":32220,"date":"2015-08-03T04:00:27","date_gmt":"2015-08-03T08:00:27","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=32220"},"modified":"2024-06-02T11:35:53","modified_gmt":"2024-06-02T15:35:53","slug":"why-do-governments-enact-price-controls","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2015\/08\/03\/why-do-governments-enact-price-controls\/","title":{"rendered":"Why Do Governments Enact Price Controls?"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/1GviwAknP08\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Published on 25 Feb 2015<\/strong><\/p>\n<p>If price controls have negative consequences, why do governments enact them? Let\u2019s revisit our example of President Nixon\u2019s wage and price controls in the 1970s. These price controls were popular, as is demonstrated by Nixon being re-elected after they went into effect. The public didn\u2019t think that the price controls were to blame for things such as long lines at the fuel pump. Without knowledge of the economics behind price controls, the public blamed foreign oil cartels and oil companies for the shortages.<\/p>\n<p>In this video we\u2019ll also address questions such as: do price controls \u2014 like rent controlled apartments and the minimum wage \u2014 help the poor? Are there better ways to help the poor? If so, what are they? Let\u2019s find out.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Published on 25 Feb 2015 If price controls have negative consequences, why do governments enact them? Let\u2019s revisit our example of President Nixon\u2019s wage and price controls in the 1970s. These price controls were popular, as is demonstrated by Nixon being re-elected after they went into effect. The public didn\u2019t think that the price controls [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[263,1026,1549,1143,661,1036,515],"class_list":["post-32220","post","type-post","status-publish","format-standard","hentry","category-economics","tag-1970s","tag-microeconomics","tag-pricecontrols","tag-principlesofeconomics","tag-regulation","tag-rentcontrol","tag-richardnixon"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-8nG","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/32220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=32220"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/32220\/revisions"}],"predecessor-version":[{"id":32221,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/32220\/revisions\/32221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=32220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=32220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=32220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}