Judge the ‘populist’ push for price controls on populist grounds
Most Americans apparently agree on at least one thing. Unfortunately, it’s something dangerous: price controls. A new Wall Street Journal poll finds remarkable bipartisan support for government limits on prices, with 93% of Democrats and 83% of Republicans supporting capping prescription drug prices. Nearly four in five voters support capping credit card interest rates at 10%. And large majorities favor capping child care charges for working families. The Journal describes these policies as “populist.” That’s fair, although populism means something more specific than just ...