Price controls wherever they have been tried in history, from Emperor Diocletian to Soviet Russia, have produced shortages and even mass starvation. This is Harris once again showing her ‘red side.’
But that was then and this is now! They just did not have the right people then. But we have the people that know how to do it correctly. Trust us, we're experts!
“Price controls wherever they have been tried in history...”
Do keep up.
Nowadays price controls are typically only partially imposed, say on 30% to 50% of the housing units for the likely loyal to leftist politician voters. The remaining units are not price controlled. England has its Section 106 agreements, but “affordable” unit set asides are common in famous US ‘blue’ cities.
Imaging a new building where the cost of the units would require rents of at least $1600/month. If 40% of the units are rent capped at say $1000/month, the remaining units would have to be marketed at $2000/month or more.
However, such price differentiation is tougher to do in the supermarket environment since SNAP benefits often enable the lower declared income leftist voting block folks to buy just about any human consumable product sold by the store.