Yep. Basic economics
Price controls are a terrible idea, and have never worked -- unless the intended goal is shortages.
Schuettinger, [
Forty Centuries of Wage and Price Controls: How Not to Fight Inflation](https://www.amazon.com/Forty-Centuries-Wage-Price-Controls/dp/1610161408/ref=sr_1_1?keywords=forty+centuries+of+wage+and+price+controls&sr=8-1)
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