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The problem with that is if you don't let the supply and demand price be the price, you create other issues. Like what to do about the excess or undersupply of
by lordnacho 5y ago
The problem with that is if you don't let the supply and demand price be the price, you create other issues. Like what to do about the excess or undersupply of whatever you are looking at.
I'm not denying that the price can seem wrong. Who really thinks that sports stars ought to make 20x what a doctor makes?
- danbruc 5y agoThe problem is in my opinion that the price fulfills too many tasks at once, it is a measure of work and resources required for the production of goods, it is used as measure of value or utility a consumer assigns to the goods, it is used to decide how goods of limited supply are distributed, and there may be more things upon careful inspection. The problem is that those aspects do not align in a good way all the time and that there are no or no strong enough forces to fix this.