Ouch.
A new CBS News-YouGov poll found that most Americans support the government setting price controls to control inflation.
Here is a breakdown of the parties:
- Democrats: 80 percent
- Independents: 62 percent
- Republicans: 56 percent
While this is not surprising among Democrats, you would think that Republicans should know better since it is supposed to be the free-market party.
Yuck.
Of course, the U.S. government has embraced price controls over the years, whether FDR during the Great Depression or Richard Nixon more than half-a-century ago.
This interventionism resulted in disastrous effects on the economy.
Why anyone thinks this is a good idea is befuddling.
Leave a Comment