I notice the price controls created shortages. Was this reduction in production and diversion of production to the black market. There items can be sold at above the price control.level or for forex.
Crowdsource copyediting, end of paragraph 4: "Regardless, the basic story is the same: too much many chasing too few goods, although the policy implications are different," should be "money" not "many."
I notice the price controls created shortages. Was this reduction in production and diversion of production to the black market. There items can be sold at above the price control.level or for forex.
The matter to tackle would be "would inflation be higher without this program?".
Crowdsource copyediting, end of paragraph 4: "Regardless, the basic story is the same: too much many chasing too few goods, although the policy implications are different," should be "money" not "many."