Best of the financial columnists
Jan 07, 2022
3 minutes
It’s time to bring back price controls
Isabella Weber
The Guardian
Inflation is nearing a 40-year high and central banks are promising to intervene, says Isabella Weber. “However, a critical factor that is driving up prices remains largely overlooked: an explosion in profits.” In 2021, as during the World War II, big corporations “have used supply problems as an opportunity to increase prices and scoop windfall profits”. Now, as then, we need to consider “strategic price controls”. Doing nothing, or applying fiscal restraint and higher
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