Brian Albrecht on the Folly of Price Controls

The result was so aweful that even Harris dances around calling her proposal “price controls.” But as International Center for Law and Economics’s chief economist, Brian Albretch, explains:

“Any policy that gives the government the power to decide what price increases are ‘fair’ or ‘unfair’ is effectively a price control system. It doesn’t matter if you call it ‘anti-gouging,’ ‘fair pricing,’ or ‘consumer protection’ — the effect is the same.”