Takshashila Alumni

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Price Control on Gasoline in the U.S. (1970s)

By Ashish Devadiga The 1970s price controls had saved consumers between $5 billion and $12 billion a year in gas costs, but at the price of stifling domestic oil production and causing an artificial shortage of as much as 1.4...

Price Control on Milk Products in Vietnam

By Hiren Doshi A price cap on milk products in Vietnam led to shortages, illegal production and distribution, distortions in the market and a dramatic drop in profitability of manufacturers.  In 2014, The Ministry of Finance in Vietnam set ceiling...

Price controls on prescription drugs in Europe

By Anjana Kaul The unintended consequences of price controls on prescription drugs far outweighs the benefits. Europe has had price controls on prescription drugs for decades. While this has helped the state save a lot in terms of healthcare costs,...

Why Moderate Inflation is a good thing

By Prakhar Misra Inflation is not always bad for the economy. Some amount of inflation can aid the growth of an economy. In economics and in public discourse, inflation is a highly debated term spurring very extreme emotional responses. The...

Have the rate cuts been effective?

By Prakhar Misra The effect of the monetary easing by the RBI over the past year has not transmitted through to the end consumer bringing into question the efficacy of monetary policy in India. The Reserve Bank of India, over...