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"Government regulation of pricing, whether it's for bags or any other service, is a 30-year step backward to when customers paid more and had fewer choices".
In a Time magazine piece in February, Steve Brill explained that the disparity in health-care costs was often dependent upon who was paying the bill, and argued that we need government regulation of pricing.
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Representative Michael G. Oxley, a Republican from Ohio and chairman of the House Committee on Financial Services, said he was working on a plan that would not create a federal regulator but would force the states to adopt uniform standards and end the regulation of prices on most insurance.
We need to have regulation of price comparison sites".
The Enron experiment was, in essence, about doing away with regulation -- regulation of prices, regulation of financial trading.
Statutory regulation of price is commonly directed toward the prevention of exorbitant demands of buyers or sellers.
But even so, this regulation of prices and wages was not enforceable, and the edict was later revoked.
Self interest is not permitted to invoke constitutional protection at the expense of the public interest and reasonable regulation of price is upheld.
Permanent regulation of prices may be what Mr Miliband has in mind.The energy firms reacted with predictable outrage, and said the price freeze could lead to job losses and blackouts.
His financial policies, which were intended to strengthen the church's reserves, included the sale of offices, the creation of new monti (loans), the imposition of new taxes, and the regulation of prices.
While environmental regulations, and health and safety regulations have been a big success and saved many lives, we have learned over 50 years from a variety of industries that regulation of prices and entry and exit often doesn't work very well.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com