While the article presents a thorough dissection of recent economic trends and mechanisms, I vehemently disagree with the advocacy for price controls as a tool to combat inflation. The historical examples highlighted, from the Office of Price Administration in Roosevelt's era to China's economic policies, are not necessarily applicable to the contemporary American economy. They overlook crucial aspects such as the globalized economy we exist in, the complexity and dynamism of modern supply chains, and the fluidity of financial markets. Instituting price controls can distort markets, stifle competition, and deter investment and innovation. Moreover, they might alleviate symptoms in the short-term, but they don't address underlying economic issues that drive inflation.

Although I agree that the discussion on inflation and the role of the Federal Reserve has been overemphasized in some respects, Weber's case for price controls seems to oversimplify the situation and the potential unintended consequences. Surely, the Fed's role and the effectiveness of its monetary policy should be scrutinized, but presenting price controls as a viable solution seems rather extreme and potentially counterproductive. Instead, I believe a more balanced approach towards managing inflation and unemployment, involving fine-tuned monetary and fiscal policies and structural reforms, would be more fruitful.

Lastly, comparing the American and Chinese economic systems without accounting for the fundamental differences in their socio-political contexts is fallacious. Both economies have their unique strengths and weaknesses. A policy that works effectively in one system may not necessarily be effective, or even desirable, in another. We should be cautious about making such comparisons and proposing policy measures based on them.