“You can’t fool the supply-and-demand curve.”
Absolutely true. Nixon even admitted price controls don’t work — not long before he imposed them. The result then, as always, was shortages or products disappearing completely.
But for the communist totalitarians now in charge, it means they can regulate what products people are allowed to buy. Food rationing and Soviet Union food lines here we come.
That is what I have never understood. If Nixon admitted they did not work; why would he impose them in the first place?
"You were heard shouting 'FJB' at your son's Little League game. Your food ration is cut 15% for the next six months. Don't let us catch you doing that again."