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History Shows us this ALWAYS Ends Badly
Politicians always feel the need to do something even if they don't know why or what's actually wrong. That's all "price controls" really are since they sure don't control anything like prices. Unknown to most people, the US has already experimented with them running price and wage restrictions for several years. The results are conclusive.
Eurodollar University's Money & Macro Analysis
Robert Bleiberg Farewell to Wage and Price Controls
https://imprimis.hillsdale.edu/farewell-to-wage-and-price-controls-july-1974/
Richard Nixon August 15, 1971 TV address…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.