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Price Controls on Fuel Would Be Disastrous for Americans

Daren Bakst and Jack Spencer write in The Daily Signal about the dangers of price controls.

The C3 Take
  • Progressives in Congress are looking to counter high energy costs through price controls.
  • The high cost of energy is not due to corporate greed, but rather a variety of factors such as supply and demand, inflation, and regulatory hurdles.
  • Capping fuel costs would distort energy markets, disincentivize innovation, and hamstring domestic production.
  • Top-down mandates like price controls will ultimately harm consumers, American energy security, and the environment.

“Policymakers need to remove government intervention that is driving up prices, not try to pass a bill that would double down on heavy-handed government.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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