Government Mandated Price Increases: A Neglected Aspect of Inflation
Language: English
Published by AEI Press Jan 1975, 1975
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
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Add to basketItem description from seller
Neuware - Government-Mandated Price Increases: A Neglected Aspect of Inflation by Murray L. Weidenbaum takes a look at government policies which, however inadvertently, impose higher costs on private business and, thereby, raise consumer prices. In recent years, partly in an attempt to reach national objectives without spending large amounts of public funds, government has increasingly resorted to a practice that, in effect, transfers public requirements to the private sector. Thus, for example, instead of the public treasury's bearing the full burden of cleaning up the environment or improving highway safety, private decision makers are influenced or required to foot the bill. Weidenbaum notes that the imposition of 'socially desirable' requirements on business looks like an inexpensive way to fulfill national objectives: it costs the government almost nothing and therefore seems to add little to the taxpayers' burden. But, he asks, does the nation really get a 'free lunch' He concludes that that while the goals of government regulation may be worthy, the costs show up in higher prices - a 'hidden tax' that has simply been shifted from taxpayer to consumer. Murray L. Wiedenbaum (1927-2014) was director of the Center for the Study of American Business at Washington University in St. Louis, Missouri, and an adjunct scholar at the American Enterprise Institute. From 1969 to 1971 he served as assistant secretary of the Treasury for economic policy.…
Seller Inventory # 9780844731513
- Title
- Government Mandated Price Increases: A Neglected Aspect of Inflation
- Author
- Murray L Weidenbaum
- Publisher
- AEI Press Jan 1975
- Publication year
- 1975
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 084473151X
- ISBN 13
- 9780844731513
- Item weight
- 204 grams
- Dimensions
- 226x150x13 mm
As the American public is learning to its dismay, there are many ways in which government actions can cause or worsen inflation. Large budget deficits and excessively easy monetary policy are usually cited as the two major culprits, and quite properly. Yet there is a third, less obvious-and hence more insidious-way in which government can worsen the already severe inflationary pressures affecting the American economy.
That third way is for government to require actions in the private sector which increase the costs of production and hence raise the prices of the products and services which are sold to the public.
"Synopsis" may belong to another edition of this title.
About the Author
A highly influential economist and policy adviser, Weidenbaum also served as co-editor of AEI's influential magazine Regulation, and as a member of the Institute's Council of Academic Advisers.
"About the title" may belong to another edition of this title.
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