(THE BLAZE) – Isabella Weber, an assistant professor of economics at the University of Massachusetts Amherst, has written an opinion piece suggesting that price controls should be considered as a possible tactic to deal with inflation.
Americans have been hit hard by the economic consequences of rapidly rising costs, with the consumer price index recently registering the biggest 12-month increase in nearly four decades.
“The all items index rose 6.8 percent for the 12 months ending November, the largest 12-month increase since the period ending June 1982,” according to the U.S. Bureau of Labor Statistics.
