Published October 6, 2020
During emergencies, increased demand for goods and services often causes prices to rise. Though they may seem cruel, higher prices discourage hoarding and encourage manufacturers to increase production. Price controls that stop the prices of essential products from rising in emergencies lead to shortages that leave everyone worse off.
Discussion Questions:
Additional Resources:
Articles
The standard prediction is that a higher minimum wage reduces employment among low-wage workers. This column examines the effect of a rise in the minimum wage in California for workers at both large and small fast-food chains.
October 22, 2026
Videos
What if the secret to breaking bad habits isn’t willpower, but changing the people, places, and environments that shape our behavior?
October 26, 2026
Articles
Managing the profound change demands harnessing advantages, mitigating risks, and creating careful legislation.
October 21, 2026
