An Arguement Against Price Controls

Hammer of Truth and Ron Paul provide arguments against government influence over price controls, even following a natural disaster like Hurricane Sandy.

"temporarily higher prices would encourage those not directly involved in cleanup to stay home and out of the way until the economy stabilizes." (Hammer of Truth, October 31, 2012, Post-Sandy price gouging laws and gas shortages)

"But because prices remained lower than they should have been, no one sought to conserve gas." (Ron Paul, November 12, 2012, In Praise of Price Gouging).

Of course, we may never see this in practice because people will cry for price controls and leaders, who lack intestinal fortitude and genuine leadership ability, will cave to immediate pressure rather than offer sound leadership that considers the impact of what happens next.