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Why price controls are a bad tool for fighting inflation
- nootropicat 5y agoShortages are the point of price controls. The solution to shortages is going to be rationing, which politicians and bureaucrats love because it gives them enormous power to transfer resources to supporting groups and make their enemies worse off (including death from lack of medicine). https://nypost.com/2022/01/01/nyc-considering-race-in-distributing-life-saving-covid-treatment https://nypost.com/2022/01/01/nyc-considering-race-in-distri...