Ever since college, I have subscribed to the Enlightenment view of the world, which is based on the belief that knowledge ...

Karl Marx famously said that history repeats itself first as tragedy, then as farce. Vice President Kamala Harris is bringing that aphorism to life by putting price controls at the center of her ...

History has a short memory. In recent weeks, as Vice President Kamala Harris’s policy proposals sparked a national conversation about price-controls, that phenomenon is on full display. Price-controls ...

"Government intervention can cut costs in the moment," writes healthcare policy expert Sally Pipes. "But it does so at the expense of future treatments and cures." The Democrats' days in control of ...

The Trump administration has done a good job with promoting a free-market approach in many of its policies. However, they have taken a completely different tact to reduce prescription drug prices in ...

Legislation to restrict assessment of credit card interchange fees has been proposed in multiple states this year, but is unlikely to pass in any. Progressive Democrats like Senator Bernie Sanders ...

At first glance, government-imposed price controls on prescription drugs seem to offer relief for patients struggling with high costs. However, the hidden consequences of price controls paint a ...

In an executive order last week, President Donald Trump effectively instituted price controls on prescription drugs—not just those purchased by the government through Medicare and Medicaid, but ...

Whatever political opposition existed around restricting drug prices through government intervention — and there was quite a lot not so long ago — seems to have largely disappeared. In other words, ...

As Robert L. Schuettinger documents in Forty Centuries of Wage and Price Controls: How Not to Fight Inflation, attempts to cap prices stretch back thousands of years. The results have been bleak. From ...

For decades, America’s drug-price debate has centered on a fundamental tension: How do policymakers encourage expensive research and development, while ensuring that companies keep final prices ...

Discover what administered prices are, their role in economies, examples from history, and how they impact supply, demand, and economic efficiency.