You Don't Want Price Controls

If there's a really great idea, it's almost impossible to get it through. That seems to be murphy's law, or murphy's corollary a. The problem of price controls are cause it's plural, the myrad of details that you have to get into to make them work. When we went into this in 19 71, of 50 years ago, 50 years ago plus six months, they froze them for 90 days. For 90 days, you can just freeze prices and most things will be fine. But if you go much further, then you start to say, well, we have a problem here. We've lost some capacity here,. Or something else.