So you would allege that, for example the price controls in north Korea work? Their government controls almost everything and they mostly don't starve and their military is very powerful relative to their national wealth. I think we have different ideas of what it means when we say they "work"
Doesn't mean they worked. Just means the government dictated what was going to happen, and because of the Millions fighting in the war, people had bigger fish to worry about.
Never try to put words in my mouth. It is foolish to argue with yourself. Agreed. You think price control only work when they meet your theoretical expectations. I think they work if they control inflation, price gouging, war profiteeering, shortages, etc. as they were designed to. Look, as I stated in my first post on this this thread, I'm not generally in favor of rent controls. Hell, I'm a landlord. But I did list some of the reasons why cities enact them . . . to deal with a problem. And I do realize that sometimes circumstances dictate solutions that don't meet with theoretical formulas. If you want to argue that they don't work in New York City today, then have at it, I might agree with much of it. But you can't really argue that they never have worked anywhere for any reason.
Of course they worked. The housing and supply shortages, the price gouging, the runaway inflation, the war profiteering, etc., were all successfully addressed with price and wage controls.
Shortages were not stopped and in fact more shortages resulted. Thats why groups of families were often forced to live together..
That was not something that happened often and and was only "forced" upon Japanese-Americans. Shortages were not eliminated, but they were curtailed. That's when most of those half-empty Victorian mansions on Canal Street in New Orleans were converted into apartments. Rent controls encouraged owners of large houses to convert them to duplexes and four-plexes. Landlords were able to rent more units, more housing was made available, and price gouging did not create problems for the nation. It was a win-win-win situation.
You did not ask a question, you made a false and misleading statement suggesting that I "allege" that price controls work in North Korea.
