Allowing a supermarket to sell milk below cost could drive competitors out of business, allowing the store to then increase the price of milk, he said.
Basic Econ 101! How can people be so utterly stupid? Government involvement never lowers prices. Milk can easily be found for less than $3 in the D.C. metro area, not exactly an area of low-cost living.
If a store drives out competition and then raises the price, that invites the return of competition with lower prices. Yes, there are other factors with economies of scale, etc., but the principles are obviously sound. Price controls do not keep prices down!
Sure it does.
Presently you can buy a Leaf car with a big healthy government subsidy and tax credit and pay $7000 to $15000 less than it would cost without the government involved. (Assuming such a vehicle would be available at all without subsidy.)
Government lowers prices all the time by shifting costs from one group to another.
What government never does is lower costs. The total cost paid for any good by all groups always goes up when the gov starts regulating or subsidizing it.