3 ms·
I read this article, and Weber's original article that had so many people riled up. I don't see a strong case being made for how price controls would solve the
by karaterobot 3y ago
I read this article, and Weber's original article that had so many people riled up. I don't see a strong case being made for how price controls would solve the current situation. I'm not against it, but the devil is in the details, so I would like to see some more details.
On a broader topic, a lot of economic theories amount to wishful thinking. You can make an impressive case for almost any crazy idea, and even come up with a model that works, and which you say matches current conditions. Economists portray what they do as very rigorous and scientific, but the reality is that a lot of the time they're mounting an argument for what they believe, not doing science. It's hard for a lay person to tell the difference a lot of the time.