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Ones and Tooze

Should the Government Be in the Business of Price Controls?


Ones and Tooze Override Photo

Also on the show: The economics of the Beatles vs. the Rolling Stones.

A professor at the University of Massachusetts Amherst touched off a heated debate among economists recently with her call for the U.S. government to fight inflation by setting rules for what private firms are allowed to charge customers—a practice known as price controlling. Isabella Weber’s piece in the Guardian prompted a harsh response on social media. On Ones and Tooze this week, Cameron Abadi and Adam Tooze explain how price controls work and why they’re so contentious.

Also on the show, our hosts explore a new angle in the timeless debate about which band was better, the Beatles or the Rolling Stones—the economics of their success. Disclosure: Tooze is a Stones die-hard, while Abadi favors the Beatles.

About Ones and Tooze:  Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column here.  See All Episodes


More Ones and Tooze episodes:

Why Do People Still Care About Davos?

Omicron has relegated the conference to online-only status, but it's still the world’s most closely watched gathering of the rich and powerful.

Can the Threat of More U.S. Sanctions Against Russia Save Ukraine?

Also on the show: Why the demand for egg freezing has soared during the pandemic.

From the Archive: How Inflation Works

Why are prices rising more quickly than at any time since 1982?

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