New legislation would intervene in the credit card market to help businesses like Target and Walmart, who don't like the fees they have to pay to accept credit card payments.
California homeowners are finding out that government-imposed market distortions cannot be maintained forever.
Delayed payments will increase, and companies will respond by raising interest rates—or denying low-income applicants outright.
A responsible political class would significantly reform the organization. Instead, they will likely continue to give it more power.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
And increase total health care costs to boot.
Hungary's inflation hits 24.5 percent—the highest in the European Union—and Orbán's price controls aren't helping.
Deregulated states may spend more on transmission, but that part of the market is still heavily regulated.
Good intentions, bad results.
No, a big storm does not require big government.
Plus: The editors unpack a philosophical question from a listener concerning foreign policy.
This fiscal irresponsibility throws gasoline on the country's already raging inflation fire.
Government should not penalize investment, thwart competition, discourage innovation and work, or obstruct production.
There are few things more politically popular, and more economically counterproductive, than banning price increases during a shortage.
Democrats are trying to inject a political solution into an economic problem.
Corporations were just as greedy when prices fell in 2019 and early 2020.
The bill would penalize companies for price gouging during times of war, public health emergencies, or natural disasters—which would have encompassed all of the last two years.
Certain politicians would do well to learn that inflation is not caused by corporate "greed."
Higher egg prices are not a crisis in the middle of a pandemic full of supply problems.
Once again, Washington is giving us every reason to believe it's selling favors to cronies even if it means everyone else loses.
Contamination from the Navy's Red Hill underground fuel facility on Oahu has reduced Honolulu's water supply by 20 percent. Water officials are considering a moratorium on new construction to conserve water.
Since the 1960s, planners have convinced many state and regional governments to limit the physical spread of urban areas.
Oil supplies were already tight before petro-state Russia invaded Ukraine.
Elizabeth Warren's bizarre theories about corporate greed driving inflation have made their way into federal law enforcement, it seems.
The idea would benefit central planners and grow the ranks of bureaucrats while making the poor even poorer.
"Greed is constant. If it's greed, how do we explain prices falling?"
Price controls almost never achieve their goal, but Hungarian Prime Minister Viktor Orbán has decided to utilize them anyway.
Addressing a distortion of the market with another distortion of the market will only make the problem worse.
Bad policy and unpredictable nature are sending food prices through the roof.
The plan would reduce supply while increasing demand, resulting in harmful shortages.
Price controls fail for other products, and liquor is no different.
Plus: The FBI had at least a dozen informants helping put together the plot to kidnap Michigan's governor, price controls fail again, and more.
Don't punish businesses for raising prices during a crisis.
The government tried to stabilize the nation's food supply 80 years ago. Its efforts backfired.
Plus: Mask burning is freedom of speech, New York reaches recreational weed deal, and more...
A new paper finds that the shortages produced by emergency price controls led to more social interactions as people searched for scarce goods. Additional COVID-19 deaths weren't far behind.
Texas officials' rush to enforce price gouging laws during that state's winter storms will only make residents worse off.
A politicized vaccine distribution process intended to take price out of the picture has given the edge to the rich, connected, and powerful.
The Portland City Council has approved an emergency ordinance capping the fees delivery apps like DoorDash and Uber Eats can charge restaurants.
Such laws end up causing more shortages than they solve, especially during a crisis.
Cities are imposing "emergency" regulations capping the fees that delivery services like Uber Eats may charge. That's a mistake.
Q&A with Duke's Michael C. Munger, who also believes that big cities will see rationing and that higher education will never be the same.
What politicians call "gouging" is just supply and demand. Prices rise and fall all the time.
High prices for sought-after goods cause temporary pain, but not as much as government efforts to "help" frustrated consumers.
Instead of repealing tariffs that are raising aluminum prices, politicians are instead trying to lower aluminum prices by legislative fiat.
High prices can bring much-needed supplies into a disaster zone.
Hospitals gamed the system and costs didn’t come down.
