This is obviously false and all you have to do is acknowledge there are other countries in the world besides the US.
Every country in the world was subjected to oil shocks. Not every country had price controls. Every country experienced a recession.
Likewise, every country experienced the pandemic. Not every country had lockdowns. Every country experienced recessions.
Posts that had simple explanations for complex phenomena are almost always wrong, especially when they fail to account for the evidence of other countries.
I remember the day before Reagan signed the Executive Order to repeal all of Nixon's oil&gas allocation&price controls. Gas lines. The day after. No gas lines. All the gas you wanted. At last, I could pull right up to the pump and get gas. And the gas lines never returned in the next 40 years, despite many oil shocks (like Gulf War 1 and Gulf War 2).
The evidence is very strong that Nixon's actions caused the gas lines in the US.
I can think of another example where the government controls the price and distribution. The results are long lines, shortages, political elite jumping lines, mass confusion, etc.
> Every country in the world was subjected to oil shocks. Not every country had price controls. Every country experienced a recession.
> Likewise, every country experienced the pandemic. Not every country had lockdowns. Every country experienced recessions.
I can't speak to #1, but #2 is not a strong argument. Lockdowns covered enough of the world that you would expect to see a recession, on those grounds alone, in every country with any exposure to international trade.
Lockdowns had very little effect. People arguing they were responsible for doing anything of significant consequence are arguing based on group affiliation and have not updated their beliefs in light of the actual, empirical evidence.
"This paper examines the drivers of the collapse using cellular phone records data on customer visits to more than 2.25 million individual businesses across 110 different industries.
...
While overall consumer traffic fell by 60 percentage points, legal restrictions explain only 7 of that. Individual choices were far more important and seem tied to fears of infection. Traffic started dropping before the legal orders were in place; was highly tied to the number of COVID deaths in the county; and showed a clear shift by consumers away from larger/busier stores toward smaller/less busy ones in the same industry. States repealing their shutdown orders saw identically modest recoveries--symmetric going down and coming back."
Every country in the world was subjected to oil shocks. Not every country had price controls. Every country experienced a recession.
Likewise, every country experienced the pandemic. Not every country had lockdowns. Every country experienced recessions.
Posts that had simple explanations for complex phenomena are almost always wrong, especially when they fail to account for the evidence of other countries.