Economists trash Dems’ fuel price control proposal: ‘Can’t believe they’re dumb enough to do this

Several economists slammed a Democratic proposal making its way through Congress that would enable energy price controls amid record-high fuel costs.

Such a policy, which prohibits private companies from increasing prices regardless of market conditions, would have catastrophic consequences including energy supply shortages and increased inflation, the economists argued in a series of interviews with The Daily Caller News Foundation. Democrats have alleged in recent weeks that inflation is being driven by corporate price gouging and that Big Oil is using the Ukraine crisis as cover to raise prices and boost profits.

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