Price Controls Create Man-Made Disasters - Art Carden - Mises Institute

"Economic critiques of price controls are well worn. Nonetheless, these simple points bear repeating over and over again because price controls after natural disasters are so popular. The economic critique is more than an academic exercise or an attempt to apologize for the unscrupulous, as some critics maintain. Price controls have very real human costs. Some of these costs are quite apparent and some are harder to see. To the extent that they are attributable to price controls, though, they are avoidable."

Price Controls Create Man-Made Disasters - Art Carden - Mises Institute