I'm intrigued enough by this article that I'm going to dig deeper into the economics behind it. This article seems to highlight the cultural and political impa

I'm intrigued enough by this article that I'm going to dig deeper into the economics behind it. This article seems to highlight the cultural and political impact of the policy more than anything. As someone mostly naive to this way of thinking, let me highlight some thoughts on the subject. * Price control only works so far. It's possible to price control an industry into ruin. There is a real risk when using these policies. * How does employing this tool differ compared to other levers we have. Raising corporate taxes. Enhancing price gouging policies. Nationalizing critical industries. * Who controls the price control lever, what is there mission, and how are they held politically accountable. This seems like the type of thing that needs more separation from the election cycle like the Fed or Supreme Court than the average law or executive order. * Do we trust the controller of the price control lever? What does success look like? What does failure look like? * Are we concerned that reducing private profits will reduce private investment? As bad as the chip shortage was, look at all the investments into fabrication that followed.