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LL 4/18/22: A Real and Present Danger - RETURN OF '70s STYLE PRICE CONTROLS COMING?
What's worse than gasoline price spikes and rapidly rising
inflation? It's federal price controls, as this study using the
Letter's archives of 1970s nightmares of fixed retail margin
and supply allocation reveals. A return of those complex and
abusive rules may be festering right now and would once again
wreak great havoc and damage to all parties. Today's eye-popping
pump prices would be joined by station outages, closures, and long lines of angry motorists.