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Lecture 10

Post Your Comments about Lecture 10!

In lecture 10, the professor discusses the key role prices play in free societies. He describes the consequences of government price controls. He breaks down many specific price controls, including gasoline price caps, rent controls, subsidies, pharmaceutical prices, minimum wage laws, executive wage caps, and universal medicine. If you read this lecture, I would love to hear your thoughts on it.

1 comment:

Perpetual Student said...

Many issues affect policy today that did not exist in the days of the Founders. My list includes:
* The hidden costs of environmental protection: air quality, water quality … ;
* National Parks such as Yellowstone, National Historical Sites … ;
* Funds to assist the disabled (handicapped, war veterans) or to provide public access;
* Funding a grant to research Autism (How do we decide which research merits federal funding?);
* Early Intervention;
* Special education;
* Head Start Programs;
* Vouchers for private or charter schools;
*Work-study jobs for students of Higher Education;
*The Morrill Act of 1862 (opening the opportunity for higher education to more of the population);
I believe that many of these issues should be federal, such as Environmental Quality Regulations. Federal, state, or local, our policies often fail to mimic free enterprise and provide the proper incentives. Weaning ourselves from federal funding seems a bit daunting at best, and I would like to know what discussions are taking place about the above items and how they should fit into a government that protects the free market system.