The government often meddles in markets, using price ceilings and price floors and taxes which move the market away from free market equilibrium. Should the government meddle in markets? When should it meddle? In answering this question, everyone should also consider discussing: Should there be rent controls or other price ceilings? Should the government set a minimum wage be $15?   Should the government control the price of life saving medicine, such as insulin? Should they set a price ceiling?  Or use taxes? How does elasticity of demand affect who will pay the tax? What are some reasons that the government should meddle in markets using price controls and taxes?

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