
Affordability Requires Supply, Not Price Controls
With the 2026 midterms approaching, there is an understandable desire on Capitol Hill to “do something.” But lawmakers should resist the temptation to reach for easy answers such as government-imposed price controls. Price controls are not market reforms. They are administrative attempts to override prices rather than address the conditions that make goods and services unaffordable in the first place. History shows that when government tries to control prices instead of expanding supply, the results…
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