[Myrddin]

Dumbass Dodd is ignorant of history as well. Price controls result in absence of goods on the shelf. Businesses have no obligation to operate at a loss. Regulation that guarantees a "fair" profit e.g. public utilities encourages inefficiency as there is no incentive to operate efficiently if you are guaranteed a "fair" profit. There is a tendency to increasing prices as no competitive pressure is present to hold costs down to preserve profit margin.

[Mind-numbed Robot]

There is a tendency to increasing prices as no competitive pressure is present to hold costs down to preserve profit margin.

In fact it encourages increased costs. Six percent was the amount utilities in my area were allowed to make at one time. So, 6% of a larger number is more profit. Pay a secretary double the going rate, etc., to increase your costs to satisfy the regulators.