Are price controls necessarily bad?

Are price controls bad or good?
midhat
Asked Dec 07, 2009
Edited Dec 07, 2009
Depending on what you mean on "good" or "bad"... it can be at least said, that price controls always fail in the long term, and rarely seem to work in the short term.

http://austrianeconomics.wikia.com/wiki/Price_controls
manfred
Answered Dec 19, 2009

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