Each week The Intercept’s Washington, D.C. bureau brings you one important or overlooked story from the political world. Bureau Chief Ryan Grim and a rotating cast of journalists, politicians, academics and historians tell you what the rest of the media are missing. Hosted on Acast. See acast.com/privacy for more information.
https://theintercept.com/deconstructed/
episode 26: Price Controls: An Inflation Solution That Doesn’t Screw Workers
Centrist and right-wing economists continue to advocate for laying off workers and engineering a recession to address inflation. But why not set price controls instead? This week on Deconstructed, Ryan Grim is joined by James K. Galbraith, a professor of government and business relations at the University of Texas at Austin. Galbraith has an extensive history of working in government, including as executive director of the Joint Economic Committee of the U.S. Congress and an economist for the House Banking Committee. Galbraith and Grim discuss the implementation of price controls by the U.S. government, how it brings down prices, how the Biden administration has used it and could use it more, and how Galbraith’s father — economist and politician John Kenneth Galbraith — was instrumental in setting price controls during World War II.
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Hosted on Acast. See acast.com/privacy for more information.