• Are there some instances where they might be effective for certain types of government such as in war time economics? How about in the long run?
• Does anyone particular government work better for maintaining a long term wage and price control system? Why?
• In answering this question, please consider how wage and price controls function in the system of economic and political regime of a country.
• Where do wage and price controls lie on the spectrum of political (democratic vs autocratic) and economic regime (command vs free market)?
• Would you consider them an element of a democratic government or do they take away from the elements of democracy?