Examples of Why Price Controls Are Evil
1. "Preventive confiscation" of 120 tons of food in Venezuela to allegedly "avoid the phenomenon of empty shelves at grocery stores," which are actually caused by the price controls Chavez imposed in 2003.
2. Rent Control Is a Vanishing New York Treasure -- "Outside of prime neighborhoods, the restricted rents are not such a great bargain, in many cases barely cheaper than what the apartments could fetch on the open market. These deteriorating low-priced apartments still exist partly because landlords have little financial incentive to make renovations or apply for rent increases."
Maybe rent control isn't really such a "treasure" after all. And maybe, just maybe, and I could be wrong here, but maybe the food shortages and empty shelves in Venezuela, and the shortage of affordable apartments in NYC are actually caused by price controls?