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The politicians solution: create another law. The economists solution: create more competition, probably by getting rid of some laws. I guess JB Pritzker knows
by jwbwater 7y ago
The politicians solution: create another law.
The economists solution: create more competition, probably by getting rid of some laws. I guess JB Pritzker knows more about politics than about economics.
- vmchale 7y ago> The economists solution: create more competition, probably by getting rid of some laws. Or just set price controls (in the case of insulin)
- conanbatt 7y agoEconomics is strongly against price controls. It's very much against the core mechanics of micro-economics. If you put a price control, you limit supply.