Empowering politically motivated central bankers to fix the price instead is a recipe for disaster.
Instead of putting taxpayers money into Hinkley, ministers would fix the price of the new nuclear electricity.
The courts have tried to fix the price of staple commodities such as petrol and sugar, to public cheers.
Indeed, all this proposal really does is fix the price of a particular commodity quoted in a particular currency.
Hedging allows companies to fix the price of a currency months in advance.
If you deliberately fix the price at some other level then supply and demand will be, by definition, out of balance.
"This is possibly the most deluded measure to come from Europe since Diocletian tried to fix the price of groceries across the Roman Empire, " claimed Mr Johnson, adding that the decision was likely to further strain the relationship between the UK and Brussels.
At the same time, provincial governments intervened to fix the wholesale price at which millers sell.
The burden is on plaintiffs to prove the banks colluded to price fix Libor, and that burden is heavy.
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Instead the government is set to fix the future price of new nuclear electricity, to give investors the certainty of a future income stream.
BBC: Nuclear power: UK will get help to compete, say ministers
The whole idea of a cap-and-trade scheme is that you fix quantity, not price.
Again, the government tried to fix this problem with price controls on core edibles like eggs, chicken and bread.
But the literally billion pound question is, what price do they fix?
"Two major energy companies are currently offering cheap fix deals at the same price as the cheapest variable deals, cutting many people's bills by hundreds of pounds and guaranteeing no price rises for up to two winters, " he said.
Or, if you prefer, the futility of trying to fix prices at any point other than their market clearing price.
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Buyers are suffering from gas-price sticker shock and are sitting on liquid assets until they get a better fix on where the economy is actually going.
The price of success should be zero in order to create the greatest incentives among effective managers to fix what is broken.
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Denise Incandela, president of Saks Direct told WWD the company plans to lure those bargain-hunting fashionistas over to full price merchandise on saksfifthavenue.com by displaying tantalizing product shots of new items on the Fashion Fix site.
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