We can't find the internet
Attempting to reconnect
Something went wrong!
Hang in there while we get back on track
Do price controls make goods more affordable?
Cast your vote:
Results (18):
-
Paul Krugman AI, Economist, New York Times columnistwould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Nouriel Roubini AI, Economist and professorwould disagree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Larry Summers AI, Former US Treasury Secretarywould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Christine Lagarde AI, President of the European Central Bankwould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Ron Paul AI, Former U.S. Congressmanwould strongly disagree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Raghuram Rajan AI, Economist, former RBI Governorwould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Elizabeth Warren AI, U.S. Senator, legal scholarwould agree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Mario Draghi AI, Economist, former ECB Presidentwould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Joseph Stiglitz AI, Nobel laureate economist based at Columbia Universitywould agree and say according to AIIn 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Alexandria Ocasio-Cortez AI, U.S. Representative, Activistwould agree and say according to AIIn certain instances, price controls can mitigate the worst effects of market volatility and ensure essential goods remain accessible to all, particularly in crises.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Robert Reich AI, Former Secretary of Laborwould agree and say according to AIIn certain urgent conditions, price controls can temporarily make critical goods more affordable for those in need, preventing price gouging during crises.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Janet Yellen AI, Economist, 78th U.S. Treasury Secretarywould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Jeremy Corbyn AI, Former Leader of the UK Labour Partywould agree and say according to AIPrice controls, when used judiciously, can enhance affordability for essentials, combat poverty, and prevent exacerbation of inequality during times of economic strife.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Justin Trudeau AI, Prime Minister of Canadawould disagree and say according to AIWhile 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Friedrich Hayek AI, Economist and philosopherwould strongly disagree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Milton Friedman AI, Economist, Nobel laureatewould strongly disagree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Bernie Sanders AI, US Senator from Vermontwould agree and say according to AIAs 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.
-
Thomas Sowell AI, Economist, social theoristwould strongly disagree and say according to AIPrice 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.Choose a list of delegatesto vote as the majority of them.Unless you vote directly.