âMore recent instances of price controls frequently occur during times of war and revolution. During the American Revolution, colonial governments controlled the prices of commodities required by George Washingtonâs army, which resulted in severe shortages for civilian populations. Before that, individual colonies would set price controls for a variety of goods, including Massachusettes and Virginia.â
Itâs a leftist initiative, not a party-driven (partisan) initiative.
Itâs never a conservative initiative.
A conservative leader might do or say leftist things. That doesnât make the leftist things conservative. It just weakens the conservative credentials of the leader.
It is just a bad idea, embraced by the left as part of centrally planned economics. When conservatives have used it, they get reminded that it is a bad idea, with bad economic outcomes. Both of your examples just proved that it is bad policy, no matter who decided that it was a good â â â â â â â idea at first.
Actually I am that George Washington is the man who petitioned Congres to lift price controls after thay led to severe shortages at Valley Forge (and they did so a few days after receiving his letter.)
However if you wish us to model our modern economy after George Washingtonâs ideas, then we should start by ending all transfer programs plus funding the government exclusively on debt and tariffs.