Government Mandated Price Increases: A Neglected Aspect of Inflation

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.

• | Author: Murray L. Weidenbaum
• | Publisher: AEI Press
• | Publication Date: Jan 01, 1975
• | Number of Pages: 112 pages
• | Binding: Paperback or Softback
• | ISBN-10: 084473151X
• | ISBN-13: 9780844731513