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Price controls create shortages. They always have and always will. You can't just create by fiat the economic outcomes that you'd prefer. You have to create the
by quotemstr 6y ago
Price controls create shortages. They always have and always will. You can't just create by fiat the economic outcomes that you'd prefer. You have to create the conditions under which those outcomes become natural. If you want to limit monopoly pricing of food delivery services, limit monopolistic behavior by breaking up large players. Don't allow one company to dominate an industry and then arbitrarily cap its revenue to some number that feels good.