From A Critique of Interventionism — surrounding passage

Ever since

“The horrors of revolution and civil war can be avoided if a disliked government can be smoothly dislodged at the next election.”

To understand price controls as they are directed at monopolistic prices, we must not be influenced by popular terminology that detects “monopolies” everywhere, but work rather with the strictly economic concepts of monopoly. 6 It should be noted that we are not dealing here with the question of whether or not wage rates can be raised permanently and universally through collective bargaining, but with the consequences of a general wage boost achieved artificially through physical coercion.