“One thing we all know from experience is when you control the price of something, you end up getting less of it. Our most vivid memory of that was Rich Nixon’s gas lines.” – George Shultz Price controls are popular and politically profitable for those campaigning. But in the real world they are the voters worst friend. They disincentivise investors and stall growth and make market-based economies dysfunctional. While price controls have a history of failure, politicians promise them to attract voters since Americans have a history of showing little resistance to price controls. Attempts to co…