What Is a Price Ceiling? A price ceiling is the maximum amount a seller is permitted to charge for a product or service. It is usually set by law and is typically applied to staples such as food and ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. Shortages are most damaging when they involve basic ...

The author argues that North Carolina's economic success is due to policies that encourage private-sector growth and innovation. Government-imposed price controls, particularly on prescription ...

The success of political slogans often brings forth intellectual defenders, even when the slogans themselves lack merit. Calls to “freeze the rent” and cap electricity prices before this month’s ...

Discover how scarcity in economics affects prices and distribution, along with the impact of increased demand to production ...

The House of Representatives just passed a resolution condemning the “horrors of socialism” by a 285 to 98 margin. All the no votes were cast by Democrats indicating that a majority of the members ...

In the February/March 2026 issue of Reason, we explore Mayor-elect Zohran Mamdani's policy goals and what they mean for New York City. Click here to read the other entries. Zohran Mamdani's campaign ...

Congress may soon inadvertently wreck Puerto Rico's economy. Lawmakers are considering imposing European-style price controls on prescription drugs. That would cause American biotech companies to lose ...