As the war in Iran pushes oil prices higher, some governments are shielding consumers with price controls. But economists warn that caps mask scarcity signals and can trigger the kind of panic buying that can even drive up oil prices more.
“They are literally standing behind the [TSA] officers while they’re checking documents and screening passengers,” said an official of the screeners’ union.
Prediction markets are regulated by the federal Commodities Futures Trading Commission, even in states that don’t allow gambling. That could spark a legal battle to define an industry with little oversight in fields from sports to national security.
Congress and the postal service are discussing if reducing delivery days, increasing stamp prices, closing rural offices, or other structural changes would close the gap.