Any attempt at government price controls are doomed to fail. But that's not even the worst part.
It is mathematically provable that price controls make things worse. With maximum degrees of freedom (and without any centralized management), a supply/demand system will always tend toward an optimal and fair outcome for all parties. Any removal of freedom pulls the system away from optimum.
In the case of price controls, this manifests as black markets, grift, and shortages.