Why Kamala’s Price Controls Will Lead To Shortages

Politicians very rarely blame their own policies for the suffering that they create. They usually double-and-triple-down on their bad policies. When that doesn’t work, they create an entirely new policy to combat the bad effects of the older one. Government “price controls” have a never-ending failure rate throughout economic history. They create shortages! But when politicians are faced with the choice of either blaming themselves, or creating shortages…they usually opt to create shortages.