Price controls make a troubling return to the mainstream
Governments should focus more on boosting supply and productivity
Governments should focus more on boosting supply and productivity

Political pressure in response to public anxiety will demand policy responses

History suggests the political approach ends in unsustainable debt and lower GDP

But it relies on a host of rosy assumptions going in investors’ favour

The market’s calm in the face of war is beginning to crack

The sector remains untested in a severe or prolonged economic downturn

The difference between busy-ness and productivity is often blurred by competing demands