Government Mandated Price Increases: A Neglected Aspect of Inflation
Weidenbaum, Murray L
ISBN 10: 084473151X ISBN 13: 9780844731513
Published by AEI Press, 1975
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PAP
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Synopsis:
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.
About the Author:
Murray Weidenbaum championed free markets and limited government in public policy roles that included service to five U.S. presidents.
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.
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Bibliographic Details
Title: Government Mandated Price Increases: A ...
Publisher: AEI Press
Publication Date: 1975
Binding: PAP
Condition: New