by Fernando Herrera-Gonzalez. Prices should be signals, not manipulations. In an almost daily debate over economic and monetary policy
politicians complain if prices — such as home prices — do not rise, and
some complain if they think other prices — such as health care prices —
are going up too much. This situation begs the question: ... MOREDo We Want High Prices Or Low Prices?
by Fernando Herrera-Gonzalez. Prices should be signals, not manipulations. In an almost daily debate over economic and monetary policy
politicians complain if prices — such as home prices — do not rise, and
some complain if they think other prices — such as health care prices —
are going up too much. This situation begs the question: ... MORE