As their own policies continue to exacerbate inflation, leftists have been cycling through the classic stages of grief. First was denial, as key administration figures claimed that inflation was “transitory” and bragged about a temporary two-cent drop in gas prices after months of rapid increases. Then came anger, claiming that inflation was the byproduct of corporate greed rather than the obvious consequence of pumping trillions of dollars into the economy. Now, we’re on to bargaining, in the form of reviving the worst policy idea that refuses to die: price controls.
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