If price controls work, why did Biden not implement them?

[Catsnmeters]

How does the government prevent price gouging without setting prices?

You didn't answer my question.

 

[Nostra]

You didn't answer my question.

You didn't ask a question, Simp.

 

[Catsnmeters]

You didn't ask a question, Simp.

The same way states do it.

 

[my2¢]

Price controls didn't work under Nixon and won't work now. When the government tries to enforce price controls, one can expect corporate America to de-emphasize low margin goods (and services) and concentrate their resources on goods providing better profit margins. The consumer suffers.

A somewhat similar result was caused by the supply chain shortage coming out of COVID. With the auto manufacturers were experiencing semiconductor shortages, the first vehicles I saw reappearing on lots were costly trucks.

 

[Catsnmeters]

Price controls didn't work under Nixon and won't work now. When the government tries to enforce price controls, one can expect corporate America to de-emphasize low margin goods (and services) and concentrate their resources on goods providing better profit margins. The consumer suffers.

A somewhat similar result was caused by the supply chain shortage coming out of COVID. With the auto manufacturers were experiencing semiconductor shortages, the first vehicles I saw reappearing on lots were costly trucks.

Who is advocating for price controls?

 

[Catsnmeters]

How does the government prevent price gouging without setting prices?

You failed to answer that in the other thread you posted this tripe.

Hey. I eventually ran across this.

It's how they do it in Texas.

Not sure if all states do it this way though.

How to Spot and Report Price Gouging | Office of the Attorney General

Price gouging is illegal, and the Office of the Attorney General has authority to prosecute any business that engages in price gouging after a disaster has been declared by the governor or president. The attorney general has issued stern warnings about price gouging to businesses in times of...

www.texasattorneygeneral.gov

File a Consumer Complaint with our office to report a suspected price gouging incident.

 

[Rambunctious]

There is one great truth... Democrats lie....