Rationing and Allocation of Resources
Germany’s Dependence on Russian Gas Is Difficult to Break
LUBMIN, Germany — Past a nudist beach and a sleepy marina, a gigantic mesh of metallic pipes rises from the pine forest behind the tiny village of Lubmin on Germany’s Baltic coast. If few people have heard of Lubmin, from Berlin to Washington almost everyone seems to know the name of the two gas pipelines […]
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Spike in Inflation Reignites Debate on Price Controls
In a recent survey of 41 academic economists conducted by the University of Chicago’s Booth School of Business, 61 percent said that price controls similar to those imposed in the 1970s would fail to “successfully reduce U.S. inflation over the next 12 months.” Others said the policy might bring down inflation in the short-term but […]
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Covid Treatments Including Paxlovid Are Rationed as Cases Spike
At the onset of the coronavirus pandemic in 2020, scarce ventilators and protective equipment faced strict rationing. Today, as the pandemic rages into its third year, another precious category of products is coming under tight controls: treatments to stave off severe Covid-19. There is a greater menu of Covid pills and infusions now than at […]
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