Price Floors

When it comes to price ceilings, I think that certain items in our economy should have a limit on how much they cost. A huge part behind my reasoning has to do with college education. The prices seem to keep significantly rising, and for someone like me who wishes to attend private school, finances become a hassle when the school is requesting you pay $50,000 in tuition a year to attend.  Granted, some of the more prestigious schools like the Ivy League and many east coast schools are going to cost way more than somewhere like Oregon state, as they should looking at the kids that are eligible to attend based on their academic and out of school activities. However, this could sell kids short of an education they might have worked for their whole life. I think a price ceiling should be put on the price we way for private and public colleges, allowing more kids to go to school. Although a price ceiling would be highly beneficial, many private schools could lose the "image"  that they have created for themselves. If a price ceiling was not to be put on college, there is no question in my mind that more scholarships with more money should be given out to kids who deserve them and need it in order to attend. 

In addition to price ceilings, I also believe that price floors should exist in the United States on such items such as agriculture and gasoline. If prices were significantly low on items that fall under these categories, our market would erupt catastrophically and there would be a national shortage. Price floors help keep our products at somewhat of an equilibrium, and demand would skyrocket if everything were dirt cheap and many people in america were still making a comfortable living. Price floors need to be in order to keep the economy from demanding more than we can supply, especially for goods like gasoline and foods.