A binding price ceiling occurs when the government sets a required price on a good or goods at a price below equilibrium. Since the government requires that prices not rise above this price, that ...

Boy, people are easily triggered these days! Who would have thought that a columnist writing about basic principles of ECON 101 would cause such a triggered reaction to basic economic logic that an ...

How should Congress deal with the debt ceiling during fiscal cliff negotiations? What should the government prioritize? Should there be a debt ceiling at all? The United States government will hit its ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. Shortages are most damaging when they involve basic ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. HUNTSVILLE, Ala. (WHNT) – The United States ...