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I did read the article. It paints Weber as being correct just because she is a victim.
by jb12 3y ago
I did read the article. It paints Weber as being correct just because she is a victim.
- shove 3y agoPretty sure it paints her as correct because … she looks to have been demonstrably correct.
- jb12 3y agoIs she? No widespread price controls have been implemented in the U.S., yet inflation is slowing due to the effect of contractionary monetary policy. Price floors on grains have been implemented in some Easter European countries, but that's mainly a populist measure to protect against cheap Ukrainian imports.
- shove 3y ago1) She didn’t argue contracting monetary policy was ineffective. 2) You’re going to talk about the European grain market (not in the article) but skip the European natural gas market (which was in the article)?
- zeroonetwothree 3y agoWhat specific prediction did she make that was a) correct and b) different from mainstream economics?
- shove 3y agoThat you can leverage price controls without descending the entire system into chaos and that this approach can be as effective as, and less destructive to the economy than, raising interest rates