Season 8 · Episode 647
S8 Ep647: 3. Economist John Cochrane warns that government subsidies for high gas prices compound oil shocks into inflation. Comparing current trends to 1979, he argues that price controls lead to shortages, while free-market incentives are necessary to encourage p
The John Batchelor Show · John Batchelor
March 27, 202610m 30s
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Show Notes
3. Economist John Cochrane warns that government subsidies for high gas prices compound oil shocks into inflation. Comparing current trends to 1979, he argues that price controls lead to shortages, while free-market incentives are necessary to encourage production and efficient consumption. (3)
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