Exactly. Price controls result in famines and shortages. Allow gouging, and the gouger will soon have competition to drive the price down. Very quickly, the

Exactly. Price controls result in famines and shortages. Allow gouging, and the gouger will soon have competition to drive the price down. Very quickly, the price will drop to a reasonable level. Conversely, if you price control, there is no incentive to provide the good or service in the first place, and shortages ensue. Government price control regulations distort markets in a dangerous way.