Tax-Based Income Policy: Latest Approach to Wage and Price Controls


 

Publication Date: September 1978

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Andrew Chalk

Research Area: Economics

Keywords: Economy

Type: Report

Abstract:

The view that controls or incomes policy can contribute to a permanent reduction in the rate of inflation associated with any given level of unemployment (i.e., a reduction in the "natural rate" of unemployment) is fundamentally misguided.