David Asman rips Dems' proposed price controls on 'Faulkner Focus': Leads to shortages every time
Fox News
FOX Business anchor David Asman said on Monday that price controls lead to shortages because companies won’t produce if they can’t make a profit, as Democrats call for action on price-gouging.
DAVID ASMAN: It's very simple. Companies won't produce unless they make a profit. That's capitalism. … If you put price controls on what's going up, what you're going to have is shortages. Because what always happens, always, always, whether it's a Democrat who has price controls or remember Richard Nixon had price controls back in the 1960s and 70s. So both Republicans and Democrats and Venezuelans have done it. Every time, everywhere it is done, it leads to shortages. For the very simple reason is companies won't produce if they can't make a profit. Now, in addition to inflation, do we want shortages? We've seen that before.
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