Price Ceilings Also Hurt Those Who Mow Lawns
"Arjun Murti at Goldman Sachs studied the 1970s' oil spikes. One had drivers lined up at a gas station in San Jose, Calif., in 1974." Source of caption and photo: online version of the NYT article cited below.
The best part of the article below was the photo above of a gas line caused by the government's imposing price ceilings on the price of gas. I've seen other photos of gas lines, but this is the first one I remember with someone waiting to fill up a lawn mower.
For the full story, see:
