Right, the dynamic is that high prices are due largely to shortages. Increasing supply requires investment, so yes price controls would reduce profits, but at t

Right, the dynamic is that high prices are due largely to shortages. Increasing supply requires investment, so yes price controls would reduce profits, but at the cost of curtailing investment which will sustain shortages and high prices for longer. It's certainly not great that profits have spiked, a chunk of that will get skimmed off for sure, but profits also do stimulate investment. The government can help by adjusting tax rates and incentives, but the best way to do that here is by encouraging investment not penalising profits. We want that money going to the right places for sure, but the money is needed.