Part I of this article will evaluate the major arguments opposing such policies against the background of the recent American experience with wage and price controls. Part II, in light of the applicability of these arguments to TIPs, will consider whether some variant of TIP could realize the claimed benefits while minimizing the economic and administrative costs usually associated with wage and price controls.
Steven R. Hunsicker,
Tax-Based Incomes Policy (TIP) as a Alternative to Wage and Price Controls,
U. Mich. J. L. Reform
Available at: https://repository.law.umich.edu/mjlr/vol14/iss2/8