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Price Controls Are Disturbingly Popular

If this CBS/YouGov poll is accurate, this is one of the most catastrophic failures of our education system.

They asked: “To try to control inflation, would you approve or disapprove of government price controls – that is, laws that limit the amount that companies can raise prices, or charge for products and services?” and got these results:

Every time price controls have been tried, the results have been some combinations of shortages, quality reductions, and black-market activity. Jimmy Carter’s price controls on energy made the oil shortages worse and increased prices.

The age-split on the poll question suggests some older Americans still remember this – we hope younger Americans will not have to learn this lesson first-hand.

Unleash Prosperity Hotline


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