583
submitted 1 year ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] BraveSirZaphod@kbin.social 3 points 1 year ago

There's a meaningful difference between a government arbitrarily mandating a price and buyers and sellers reaching an equilibrium, whatever you want to label it.

You can say that price controls are worth it in some cases, and plenty of economists would agree with that, but they do come with consequences compared to raw market prices, and we shouldn't ignore that, whatever label we want to use.

this post was submitted on 25 Dec 2023
583 points (95.5% liked)

World News

32509 readers
673 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS