I remember being so upset reading Thomas Sowell's Basic Economics, which starts with a very clear and concise review of the basics of supply, demand, surplus and shortage, which leads directly to an overwhelmingly simple and convincing case against price controls. And the tremendous damage that they cause.<p>And yet people almost universally support price controls (e.g. laws against price gouging) during catastrophes.<p>It makes me think that either I'm missing something, or that it is a shame that every single voting citizen doesn't understand basic economics.