Bridget Bodner
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's in fact what we saw with the pandemic.
I see now where we went wrong with that one.
Oh no, you just slipped on the lever that makes the government lower the prices of everything.
During World War II, we tried that.
We had the Office of Price Administration, and it determined the prices for things and told companies how much they could charge for each thing.
And police say it solved inflation forever.
And what developed are what are called secondary markets or black markets, where the companies were told they could only charge a certain amount.
But then either the people who were able to buy it at that low amount turned around and sold it to other people at a higher price or the companies themselves cheated and broke the laws and sold things at a higher price.
Yeah, or those second-hand tickets I bought for a Belly Eyelash concert.
I think maybe I bought some fake tickets?
Well, I really thought we had a solution there.
This room is actually the levers that don't work and the Fed doesn't have the power to do it anyway room.
It said it right there on the door.