The pernicious effects of price controls

Governments in Canada and elsewhere around the world continue to control the prices of many goods and services. These controls, aimed at helping certain producers or portions of society, result in a number of pernicious effects that damage the economy and impair wealth creation. It would be preferable to let prices play their proper role in the economy and to establish other public policies providing direct assistance to those who require such help.

Links of interest

Media release: Price controls cause inefficiency, says the Montreal Economic Institute

Back to top