Politicians hooked on 'lazy' policy craze that keeps backfiring: columnist
Both Republicans and Democrats are rallying behind economic fixes that poll well but collapse catastrophically once they hit the real world, a columnist warned.
In a Thursday column, Catherine Rampell argued that the country has entered "the era of FAFO economics." She described the era as a cycle in which politicians push ideas that sound good in the abstract until voters live through the consequences.
Rampell's prime exhibit is price controls. A recent CBS News/YouGov poll found nearly two-thirds of Americans want the government to cap how much companies can raise prices, with a majority of Republicans, about 54 percent, on board. She described the policies as "lazy, poorly researched" fixes that voters sour on once they arrive....






