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I’ve always wanted to become a teacher. Growing up I was an only child and would spend hours “playing school” and setting up my own classroom. I have always enjoyed children so much so that my husb...

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Survey of Economics-Discussion (1)

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Q Consider the following opinion column by Bruce Bartlett (a conservative economist hailing from the treasury department). https://www.forbes.com/2010/01/14/venezuela-inflation-price-controls-opinions-columnists-bruce-bartlett.html#4ecfa7ee5827 (Links to an external site.)Links to an external site. (Links to an external site.)Links to an external site. Do you agree with his assertions regarding inflation and price controls?

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The article, written by Bruce Bartlett, has shown the economic impact of the price control. Price control is a popular measure to combat the inflation by fixing the maximum price of a product. According to the author, this economic policy has more negative impact than the inflation itself. The author shows that the price control was not able to improve the economy in the ancient Rome as well as the economy of the current Venezuela. Recently, Venezuela has been experiencing the most brutal form of the hyperinflation.