delete National Security (Prices) Regulations (Amendment)
Amendment to National Security (Prices) Regulations, likely introducing or modifying price control measures for goods or services deemed relevant to national security. Such regulations typically empower authorities to fix, freeze, or control pricing of specified items during national emergencies or security situations.
Price controls are a textbook example of regulation that creates more harm than good. They distort market signals, reduce supply, create shortages and black markets, and ultimately hurt consumers—the very people they claim to protect. National security objectives can be achieved through less restrictive means such as strategic reserves, voluntary agreements, or targeted assistance to vulnerable populations without distorting entire markets. The compliance burden and unintended consequences of price controls—including reduced investment, supply contraction, and resource misallocation—make them fundamentally incompatible with prosperity and liberty.