Price controls have taken center stage in state and federal proposals as a tactic to arbitrarily lower prescription drug costs. ... allowing society to return to some level of pre-COVID normalcy.

When politicians intervene in the economy, they often do it in the name of mitigating “greed” or “profiteering.” While they ...

D rug price controls in the U.S. Senate are being met with dire warnings that such an approach will stifle innovation, shut off the pipeline of new medicines, and cost lives down the road.

In Babylon, wage and price controls in the Hammurabi Code eventually brought down the empire. In 58 BC, Roman farmers fled to the city due to price controls on wheat and corn. This led to ...

Third, any controls on prices will constrain incentives for producers to bring additional goods and services to markets. This is why price-controls usually lead to shortages more injurious than ...

Great moments in unintended consequences—when something that sounds like a great idea goes horribly wrong. Watch the whole series. Part One: Beef Grief The Year: 1946 The Problem: The price of ...

Alternative measures include price controls and a windfall profits tax. A hotter-than-expected inflation report last week dispelled hopes of relief for strained households and rekindled questions ...

When the government ended up lifting price controls in 1946, it was like it violently awoke inflation from its slumber. In 1947, the annual inflation rate jumped to more than 20 percent.

Price controls can apply to the former group nine years after approval; biologics get a 13-year reprieve. That discrepancy matters for cancer patients. Most cancer medicines are small-molecule drugs.

With inflation surging right now, U.S. leaders are naturally thinking about how to fight it. In modern times, that responsibility has mostly fallen to the Federal Reserve.

To control inflation during WWII, the U.S. government resorted to wide-ranging price controls. Their unintended consequences might explain why today's policymakers are reluctant to try it again.