Mainly the price controls were the bigger mistake that lead to all kinds of problems still impacting the world today, in the US it lead directly the the format

Mainly the price controls were the bigger mistake that lead to all kinds of problems still impacting the world today, in the US it lead directly the the formation of "Comprehensive" pay to include things like Health Insurance, and other non-wage compensations. This was very much a net negative for society (and the health system)