clipped from: www.allamericanblogger.com   
For thousands of years, governments have attempted to set the price of different products with disastrous results.

This was all done for the “salvation of the people.”

Throughout history, it has been shown that price controls are good for creating three things:

  • Shortages
    • In the free market, a producer knows what it takes to create a product.
    When government enters the picture, they don’t consider the creation cost.
  • Rationing

    • The government now enters the scene again and tells people how much of a product they are allowed in a specific time. So, if the Democrats nationalize the refineries and shortages follow, it is likely to see them tell you how many gallons of gas you can have per month.

    If the government’s allotment isn’t enough, there is only one place to turn.

  • Black Markets

    • The black market is created as a result of the state. Always.

    Setting prices on gasoline and oil will not do what the socialists in Congress claim it will do. History shows it never has, and never will.