• graymess@lemmy.world
    link
    fedilink
    arrow-up
    16
    arrow-down
    12
    ·
    1 year ago

    Price controls are well within the president’s powers. It’s not that radical of a concept.

    • Cethin@lemmy.zip
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      1
      ·
      1 year ago

      It’s within congress’s powers for sure. I don’t think the president. Congress has done it in the past though, so they for sure can again.

    • money_loo@1337lemmy.com
      link
      fedilink
      arrow-up
      8
      arrow-down
      1
      ·
      1 year ago

      Why is this upvoted?

      No, the president of the United States cannot unilaterally implement price controls on goods without the involvement of Congress. Price controls typically involve changes to laws and regulations, which fall under the legislative branch’s authority. Congress would need to pass legislation granting such powers or specifically authorizing the president to implement price controls in certain circumstances.

    • SCB@lemmy.world
      link
      fedilink
      arrow-up
      4
      arrow-down
      12
      ·
      edit-2
      1 year ago

      Price controls are an extremely radical concept, themselves. Last thing this economy needs is further distortion.

      The sucky thing about inflation is you have to run through it like an illness.