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The Price Control Debate: Who is Responsible? –By Matthew Ma – Opinion Nigeria

The concept of "price controls" refers to the legal limits set by the government on the minimum or maximum prices of specific goods and services. The objective behind implementing price controls is to regulate the affordability of essential goods, including food, rent, and petrol. However, while these controls may make certain products more accessible to consumers, they can also lead to significant market disruptions, losses for producers, and a decrease in the quality of goods. ....

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Biden's Medicare price controls will hurt millions of Americans — we can, and must, do better

Recently, the Biden administration announced that the manufacturers of the first 10 medicines targeted for the Inflation Reduction Act’s (IRA) price-setting provisions agreed to participate in what some have called a negotiation scheme. What the administration omitted was that manufacturers resisting the “negotiation” are subjected to an exorbitant federal excise tax of up to 1,900… ....

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