OCR Text |
Show Price Controls After failure cf attempts to regulate reg-ulate prices during the American Revolution, the Continental Congress Con-gress decided in 1788 that price control laws did more harm than good. "It hath been found by experience," experi-ence," said a resolution adopted by the Congress, "that limitation in the price of commodities is not only ineffective for the purpose proposed, but likewise productive of very evil consequences, to the great detriment of the public service ser-vice and the grievous oppression of individuals." |