• BraveSirZaphod@kbin.social
    link
    fedilink
    arrow-up
    0
    ·
    11 months 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.