Price Controls Criticism
The cluster centers on debates criticizing government-imposed price controls for causing shortages and reduced supply, citing historical examples and economic theory favoring free market pricing.
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You are asking for price controls. Historically, those have almost universally decreased availability and exacerbated shortages.
are you sure thatβs not just the result of public price controls on basic products?
Being against government price controls == mental gymnastics?
Hey, when you put in price-controls don't complain about a lack of supply.
I'd wager they aren't.https://en.wikipedia.org/wiki/Price_controls
Price controls never work they just make the situation worse. The key is to increase supply. The more product there is the less likely that producers will take advantage of the situation.
Aren't you missing the countless examples where price controls have led to shortages?
Price controls only necessitate limiting what consumers are charged, not what producers earn - the government budgets for it and makes up the difference. Besides the most prominent examples of price controls in the US and Europe are almost always in response to shortages: Food Administration, Fuel Administration, Office of Price Administration, oil crisis, etc.
Seems like a textbook example of price controls causing a shortage and subsidies causing excess consumption.
Throw this in the bin of "fun consequences of price controls".