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A Stubborn Folly against the Market

Monday, April 4, 2022

Inflation, a global phenomenon now, is inescapable. But, there are various policy options to mitigate its effects, not to fight it head-on by forcing lower prices.

arsip tempo : 176920300519.

A Stubborn Folly against the Market. tempo : 176920300519.

MANY Indonesians have a misconception about how the market’s force set the price of goods in our daily life. It is a common belief among the public that the government should always be able to control prices. And the government, perhaps for the sake of keeping up its popularity, has been trapped into following that fallacious view. And thus, we have various decisions about price control that are oftentimes futile. 

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Yopie Hidayat

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