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| | Price Controls Don’t Work — Period (Site not responding. Last check: 2007-09-12) |
 | | In announcing a complex plan to avoid price hikes, the Bush administration, in retreat mode, now backs the Federal Energy Regulatory Commission's policy to "mitigate any severe price spikes." Under the old rule, FERC possessed the power to impose price caps during emergencies. |
 | | On another form of price controls, the minimum wage, writer James K. Glassman, a fellow at the American Enterprise Institute, says, "Economists aren't certain about many things, but on the minimum wage, nearly all of them (90 percent, according to one survey) believe that the case is open and shut. |
 | | Price controls, no matter how "soft," inevitably distort the process of supply and demand, creating disincentives to conserve and to supply. |
| www.frontpagemag.com /Articles/Printable.asp?ID=175 (678 words) |
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