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There are so many cases in which a regulated market shows lower costs, that not seeing it is just not wanting to see because it touches your core belief system
by pineaux 3y ago
There are so many cases in which a regulated market shows lower costs, that not seeing it is just not wanting to see because it touches your core belief system instead of using reasoning. Regulation is needed to ensure property rights, contracts law, ward of monopolies, ward of externalisation of costs by companies unto the general population or the environment, to stop lies from being told as much as possible, to destroy rent-seeking behaviors.
These are all legitimate reasons for government regulations and make the market better.
There is of course a time and place for regulations. There IS such a thing as too much regulations.