Price Controls

Price controls control people.  The price of goods should be a reflection of their true value.  If the government is controlling the prices to make those goods more “affordable,” the price no longer is a reflection of what it truly costs to produce or its true value.   This results in it seeming like it is a better deal when really it is just a fake “value.”  For example, what if the government put a price control on all shoes?  Say all shoes had to be $20 or less.  All buyers would cheer and rejoice!  Yay!  Cheap shoes!  BUT, the shoe companies, especially high-end shoe manufacturers, would be losing money and probably go out of business.  So, the result could be junky shoes and less jobs because the quality of all shoes would plummet so that the companies could afford to stay in business.  Those companies who cannot or will not lower the quality of their shoes will dwindle and all their employees will be out of work.  This same scenario happens today in oil and gas, buying homes with fake interest rates, education, and so on.  Price controls control people because there is no easy way out of that vicious cycle because a fake value was set.