I am not a free-market zealot. But this is truly stupid 1/
Price controls VERY occasionally have their uses — during wartime when rationing is rampant and perceived fairness/lack of profiteering are important 2/
There's also a *possible* argument for temporary controls to break a wage-price spiral that is persisting despite a weak economy — although making that work is so hard that it would be a strategy of last resort 3/
But we don't have a weak economy; we have inflation because we have a booming economy, with supply chains having trouble keeping up with the boom in goods consumption. And there's no hint of a wage-price spiral 4/
I think — probably, maybe, I hope — that inflation will subside as demand gets less skewed and supply chains adjust. Price controls would just screw up that adjustment. Not all bad ideas come from the right 5/
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