governmental wage and price controls should never be tried again. they have been failures. agree? why or why not?

Answer 1

http://www.econlib.org/library/Enc/PriceControls.html

http://www.u-s-history.com/pages/h1689.html

http://en.wikipedia.org/wiki/Incomes_policy

What do you think?

Answer 2

I agree, they are typically failures. They are not able to create a healthy balance between supply and demand.