Changes

A '''price control''' is a law or regulation that limits the prices that can be charged for a [[good]] or service.  Historically its use in [[free enterprise]] economies has mostly been limited to times of war, but has also been imposed in times of peace as a misguided way of controlling the [[economy]].  Price controls can be imposed in a piecemeal fashion, in the form of either price ceilings or price floors.  One example of a price floor are [[minimum wage]] laws.

A '''price control''' is a law or regulation that limits the prices that can be charged for a [[good]] or service, which causes shortages in supply.  Historically its use in [[free enterprise]] economies has mostly been limited to times of war, but has also been imposed in times of peace as a [[communist]]-like, misguided way of controlling the [[economy]].  Price controls can be imposed in a piecemeal fashion, in the form of either price ceilings or price floors.  One example of a price floor for labor is the [[minimum wage]].

 

363 [[federal court]] decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the [[Takings Clause]] against a deprivation of contract without just compensation, but only 61 [[federal court]] decisions discuss "price controls" and a right to privately contract.<ref>E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))</ref>

363 [[federal court]] decisions discuss "price controls" and the "Fifth Amendment," which includes the protection of the [[Takings Clause]] against a deprivation of contract without just compensation, but only 61 [[federal court]] decisions discuss "price controls" and a right to privately contract.<ref>E.g., the terms (("contract clause") or "right to contract" or "privately contract" or (obligations w/3 clause))</ref>