Opinion | With Inflation High, People Are Talking About Price Controls. Is That a Terrible Idea?
The United States hasn’t used them since Nixon’s presidency.
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The United States hasn’t used them since Nixon’s presidency.
From Bloomberg: The U.S. labor market is even hotter than the picture given by an unemployment rate nearing a 50-year low, according to research by some economists that warns of sustained inflationary pressures. Goldman Sachs Group Inc. economists led by Jan Hatzius found there's a shortage of 4.6 million workers, the most since the World War II period. That figure compares the total number of jobs — including the near-record for those still open — and the size of the labor force, or the number of people employed plus those looking for work.
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