Will Biden Enforce Price Controls To Fight Inflation? - Steve Forbes | What's Ahead | Forbes

President Biden and his team are faulting greedy businesses—primarily meat processors—oil and gas producers and pharmaceutical companies to avoid blame for rising prices. And, if inflation doesn't ease soon, there is talk that Biden will enforce price controls on these businesses. Steve Forbes on the swirling inflation scapegoats, on how history has demonstrated prices controls don't work and on why artificially suppressing prices would be a disastrous move!

What's Ahead featuring Steve Forbes provides his insights and perspective, to stay on top of what's happening in this ever-turbulent world with glimpses into the future. What’s Ahead airs Tuesdays, Thursdays and Fridays.
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[jish]

I mean, we've given businesses free reign to control prices themselves, and that's how we're in this mess in the first place. When you have an infection or disease, you don't let the infection/disease spread hoping it'll fix itself, you deal with it head on.

[SaveTheRbtz]

As someone from USSR I can definitely say one thing: price controls do not work. They indeed only increase deficit and drive prices higher.

[Carlossm]

The UN has now called on price controls too 😂😂 …… here we go

[tincanboat]

price controls? how about trying SPENDING go Branden!!

[grantsapain]

Since the dawn of human history, price controls only lead to shortages. Economics 101...

[EconomicFriend]

With all due respect--Biden can't even 'enforce' what comes out of his mouth. With all due respect ;o) Thank you Mr. Forbes

[jenniferspencer]

there is no price competion there are too many monolopoies

[paulmolitor]

Is it a great idea to use up all our oil? Yeah cheap now.. but when everyone else is out of it who has it?

[h]

Usa: we already have 23 trilion debt
Also USA banks: print more.
Printer guy keyboard :
Printer : are you sure you want to print
Printer guy : who hoooo more plastic for idiots that eventually will come back to the rich stockpiling it and more needed to be printed and the circle never ends.
Capitalism for the rich to get richer without a purpose.

[MrMolecularscientist]

Prices keep rising? ....protect yourself with physical silver (and gold) against inflation and the diminishing purchasing power of your fiat currency, and come join Wall Street Silver (reddit) -- a community of over 177, 000 that values real money, real assets, and of course --shiny silver

[NathalieLazo]

Extraordinary person reading this, you are not define by your circumstance or your past. It’s not what happened to you that determines your success in life; it is how you deal with those circumstances that determines your success in life! You are strong, you are capable and practice forgiveness (Forgiveness is for you) and gratitude everyday. This will change the course of your life forever! Love you always and I believe in you wholeheartedly ✨❤️ - Nat

[teager]

These moves are always government moves to make a picture of action that burns up like a 20 min candle. Just long enough to claim something is done an just long enough most get out of the way of being a target for further blame. Blame is a hot potato and no one likes responsibility

[Deetroiter]

Strange how oil is $80 a barrel and fuel prices more expensive than when oil was $140+ a barrel not too long ago. Someone's scamming hard...Brandon is a jimmy Carter 2.0 on steroids

[vincentorlando]

Let's Go Jimmy. Another slogan for Biden's high inflation rate, similar to when Jimmy Carter was in office