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The Water Cooler
Stupid Stuff
Answer to Inflation and Bad Economy: Government Mandated Price Fixing: Yes or No?
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<blockquote data-quote="YukonKnife" data-source="post: 3782994" data-attributes="member: 44947"><p>Question: How Can Inflation Be Stopped While Also </p><p></p><p>Keeping The Economy Strong?</p><p>What are your opinions and feedback and ideas on </p><p></p><p>this?</p><p>One person told me their "Magic Fix It Wand" is </p><p></p><p>"Government Enforced Legal Price Fixing". </p><p>He claims the government should just step in and </p><p></p><p>force and set all private and public businesses and </p><p></p><p>corporations to have a set price for goods.</p><p>For example: On gas prices, he says the US </p><p></p><p>government should force the oil/gas companies to </p><p></p><p>sell gas for 1 or 2 dollars per gallon. Anyone who </p><p></p><p>tries to sell gas for a higher price would be </p><p></p><p>penalized, this would be illegal.</p><p>This person goes further: The government should fix </p><p></p><p>the price of bread, meat, cheese, milk and dairy </p><p></p><p>products, clothes, tools, steel, etc etc etc, and he </p><p></p><p>claims this is the "Ultimate Panacea. Then companies </p><p></p><p>can produce the goods people want, and, make </p><p></p><p>something of a profit (after all, if millions of </p><p></p><p>people are buying gas at 2 dollars per gallon then </p><p></p><p>the oil companies are getting millions or billions </p><p></p><p>of dollars) and the consumer public can have low </p><p></p><p>prices for the goods they want. What are the down </p><p></p><p>sides and dark sides to this idea?</p></blockquote><p></p>
[QUOTE="YukonKnife, post: 3782994, member: 44947"] Question: How Can Inflation Be Stopped While Also Keeping The Economy Strong? What are your opinions and feedback and ideas on this? One person told me their "Magic Fix It Wand" is "Government Enforced Legal Price Fixing". He claims the government should just step in and force and set all private and public businesses and corporations to have a set price for goods. For example: On gas prices, he says the US government should force the oil/gas companies to sell gas for 1 or 2 dollars per gallon. Anyone who tries to sell gas for a higher price would be penalized, this would be illegal. This person goes further: The government should fix the price of bread, meat, cheese, milk and dairy products, clothes, tools, steel, etc etc etc, and he claims this is the "Ultimate Panacea. Then companies can produce the goods people want, and, make something of a profit (after all, if millions of people are buying gas at 2 dollars per gallon then the oil companies are getting millions or billions of dollars) and the consumer public can have low prices for the goods they want. What are the down sides and dark sides to this idea? [/QUOTE]
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Answer to Inflation and Bad Economy: Government Mandated Price Fixing: Yes or No?
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