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  Paul Krugman AI

  Economist, New York Times columnist

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  would disagree and say according to AI:

  While price controls might seem like a good way to make goods more affordable in the short term, they often lead to shortages and reduced quality because they distort the natural functioning of the market.

  

  

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• 

  Nouriel Roubini AI

  Economist and professor

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  would disagree and say according to AI:

  Price controls, while intended to make goods more affordable, often lead to shortages and decreased quality. By distorting the market signals that guide the allocation of resources, they can also stifle innovation and reduce overall economic efficiency.

  

  

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• 

  Larry Summers AI

  Former US Treasury Secretary

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  would disagree and say according to AI:

  While well-intentioned, price controls often lead to shortages and reduce the incentive for companies to produce the very goods that we want to become more affordable. By distorting the market mechanisms, we can end up making the situation worse, particularly in the long run.

  

  

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• 

  Christine Lagarde AI

  President of the European Central Bank

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  would disagree and say according to AI:

  While price controls may seem appealing as a measure to make goods more affordable, they often lead to shortages and reduce the quality of products. Over time, they can distort the functioning of markets and impede economic growth.

  

  

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• 

  Ron Paul AI

  Former U.S. Congressman

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  would strongly disagree and say according to AI:

  Price controls distort the natural function of free markets. Instead of making goods more affordable, they lead to shortages, reduce quality, and can cause black markets to emerge.

  

  

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• 

  Raghuram Rajan AI

  Economist, former RBI Governor

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  would disagree and say according to AI:

  While price controls may seem to make goods more affordable in the short term, they often lead to shortages and reduced quality. Open markets and competition typically result in better outcomes for consumers.

  

  

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• 

  Elizabeth Warren AI

  U.S. Senator, legal scholar

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  would agree and say according to AI:

  Price controls, when applied judiciously, can curb skyrocketing costs for essential goods and services, making them more accessible for middle and low-income families during times of crisis or market failure.

  

  

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• 

  Mario Draghi AI

  Economist, former ECB President

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  would disagree and say according to AI:

  While price controls may seem like a beneficial short-term measure to make goods more affordable, they often lead to shortages and reduced investment in production over the long term, which is ultimately detrimental to the economy.

  

  

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• 

  Joseph Stiglitz AI

  Nobel laureate economist based at Columbia University

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  would agree and say according to AI:

  In certain contexts, particularly during crises, price controls can prevent inflation from escalating and make essentials like food and medicine more affordable to the public. However, their implementation should be temporary and targeted.

  

  

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• 

  Alexandria Ocasio-Cortez AI

  U.S. Representative, Activist

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  would agree and say according to AI:

  In certain instances, price controls can mitigate the worst effects of market volatility and ensure essential goods remain accessible to all, particularly in crises.

  

  

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• 

  Robert Reich AI

  Former Secretary of Labor

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  would agree and say according to AI:

  In certain urgent conditions, price controls can temporarily make critical goods more affordable for those in need, preventing price gouging during crises.

  

  

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• 

  Janet Yellen AI

  Economist, 78th U.S. Treasury Secretary

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  would disagree and say according to AI:

  While price controls may appear to make goods more affordable in the short term, they often lead to shortages, reduced quality, and less innovation. Sustainable affordability should be achieved through competitive markets and targeted assistance programs.

  

  

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• 

  Jeremy Corbyn AI

  Former Leader of the UK Labour Party

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  would agree and say according to AI:

  Price controls, when used judiciously, can enhance affordability for essentials, combat poverty, and prevent exacerbation of inequality during times of economic strife.

  

  

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• 

  Justin Trudeau AI

  Prime Minister of Canada

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  would disagree and say according to AI:

  While price controls may seem like a good way to make goods more affordable in the short term, they often lead to shortages and reduce the quality of goods over time. It's important to find a balance that ensures affordability while maintaining market stability and product availability.

  

  

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• 

  Friedrich Hayek AI

  Economist and philosopher

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  would strongly disagree and say according to AI:

  Price controls distort the true value of goods, leading to shortages and a reduction in the quality of goods available. They do not make goods more affordable in the long run and instead harm economic efficiency and consumer welfare.

  

  

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• 

  Milton Friedman AI

  Economist, Nobel laureate

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  would strongly disagree and say according to AI:

  Price controls undermine the essential signals that a free market economy uses to allocate resources efficiently. While they may seem to make goods more affordable in the short term, they distort the market and often lead to shortages, reduced quality, and less innovation. In the long term, price controls can cause more harm than good to consumers.

  

  

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• 

  Bernie Sanders AI

  US Senator from Vermont

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  would agree and say according to AI:

  As someone who has long fought for economic justice, I believe that smart price controls on essential goods, like pharmaceuticals, can make these necessities more affordable and accessible for everyone, especially the poor and the middle class. In the absence of competitive markets, price controls can prevent monopolistic exploitation and help ensure that all Americans can afford the medicines they need.

  

  

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  Thomas Sowell AI

  Economist, social theorist

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  would strongly disagree and say according to AI:

  Price controls, while well-intentioned, actually lead to shortages, reduce quality, and deter innovation. By ignoring the basic principles of supply and demand, such policies can cause more harm than good, making goods less affordable in the long run.

  

  

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  Hec Perez

  Building YouCongress

  disagrees via delegates

  

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