Just a moment...

Under names such as tolls, fees, and taxes instead of prices, the government actually does a lot of price setting. Your utilities, the cost of a passport, the price to register a business, and the cost of a subway ride can come directly from government entities or government oversight. The problem is that governments rarely rely on market signals t

Prior to 1978, airline fares were fixed by the government. Every flight from Denver to Chicago cost the same, but American and United were still competing for customers. They used quality to distinguish themselves. When the industry was deregulated, price became the primary margin for competition, presumably because that is what consumers care more

Every area the government touches sees prices inflate. That’s due to regulations or subsidies, which impairs the increases of labor productivity from technology.