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Effects of imposing price and wage controls

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Reference no: EM132837456

1. Why have most countries in the world turned back toward free-market capitalism after 80 years of experimentation with socialism and communism?

2. What have we learned about the effects of imposing price and wage controls, of deficit spending, trade tariffs, and subsidies?

3. Why did so many socialist economies fail?

4. What have we learned about government use of fiscal vs. monetary policy in promoting economic growth? Given what the Fed is currently doing with Qualitative Easing and its dramatic increase in the currency supply what issues to you see occuring with regard to the economy, international trade and the value of the dollar.

Reference no: EM132837456

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