Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. Shortages are most damaging when they involve basic ...

They could not be more wrong. When a government (or a cartel) dictates a price that is different from what the market would ...

The success of political slogans often brings forth intellectual defenders, even when the slogans themselves lack merit. Calls to “freeze the rent” and cap electricity prices before this month’s ...

Your editorial “The Political Race for Fewer Cures” (Aug. 6) identifies an ironclad rule of economics: Price controls create shortages. In this instance, restrictions on prescription drugs will lead ...

Mr. Mahoney is an economist and Mr. Ramamurti is a former deputy director of the National Economic Council. Democrats dominated the Nov. 4 elections, but the other big winner was price controls. In ...