The Case for Strategic Price Policies

With a single commentary in The Guardian (and an unintended assist from New York Times columnist Paul Krugman ), economist Isabella Weber of the University of Massachusetts injected clear thinking into a debate that had been suppressed for 40 years . Specifically, she has advanced the idea that rising prices call for a price policy . Imagine that.

The last vestige of a systematic price policy in America, the White House Council on Wage and Price Stability , was abolished on January 29, 1981, a week after Ronald Reagan took office.