Question
Have you heard the old saying about the fox guarding the hen house? That always comes to mind when discussing price controls versus price guidelines.
Have you heard the old saying about the fox guarding the hen house? That always comes to mind when discussing price controls versus price guidelines. We read about price guidelines (asking businesses to voluntarily meet government standards), and price controls which are legal mandates on prices. Businesses tell us that they really should determine what prices are charged and that they would be good guardians of the public interest. Do you have faith that businesses would do the right thing in terms of the prices they charge without some type of government requirement? What is the conclusion of it
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