Because you cannot force entrepreneurs to create and sell products at a loss or at a very low profit, what you will achieve is the opposite of what you were looking for, the government sought to provide access to a product, for example orange juice, and it turns out that imposing a lower price by force will generate shortages and low quality of such product, because as I said before, entrepreneurs will not see the incentive to sell or produce a quality juice, therefore there is no benefit of price control taking these factors into account.

Because of this and the "genius" of forcibly imposing controls on a market, where you should not force anyone to do anything, out of simple common sense, the economic situation will always get worse and if you insist on maintaining it will only lead to socialism because it will reach the point where the economy will be "planned" and totally or almost totally manipulated by the state, not by the market and consumers by abstaining or buying, which is what ultimately determines what should be produced and how.





The price ceilings, which are the maximum price that can be applied to a product, generate scaffolds, while price floors, which are the minimum price that can be applied to a product, generate surpluses, at least for a period of time, to better understand the example, imagine that the government fixes a lower maximum price for milk, what will happen with milk is that the supply is going to fall, while demand will rise due to low prices, therefore, this disruption to the natural order of the market will cause scazés, and having such shortages your "Good Samaritan" plan went completely wrong, since now only the lucky ones who manage to buy milk after hours of standing in line like in Venezuela, for example, will have milk while the others will not.

Controlling prices is unnecessary and always causes long-term economic problems, a free market does not need strength to function properly or more efficiently, consumers must determine prices by buying and abstaining, not the politician who will only apply controls to win votes leaving us with evils such as black markets, lower quality products, shortages, lack of innovation and an economy damaged by market disruption. As a famous Argentine economist, Javier Milei, says: "You can mess with my mother, but not with the prices", Thanks for reading... Peace.



# References Titles 1 Cato Institute The Problems of Price Controls 2 The Library Of Economics And Liberty Price Controls 3 Mises Institute How Price Controls Leads to Socialism 4 Youtube Thomas Sowell - Price Controls



