“In the wake of the spike in fuel prices, many Americans demand that politicians do something. You can bet the rent money that whatever politicians do will end up harming consumers. Despite a long history of their economic calamity, some Americans and politicians are calling for price controls or, what amounts to the same thing, anti price-gouging legislation. As Professor Thomas DiLorenzo points out in “Four Thousand Years of Price Control,” price controls have produced calamities wherever and whenever they’ve been tried”. — Walter Williams, Professor of economics at George Mason University