3 ms·
My utilities are pretty reliable, and they're all price controlled. My grocery store has milk in stock all the time, and it's because of price controls on milk
by kube-system 3y ago
My utilities are pretty reliable, and they're all price controlled. My grocery store has milk in stock all the time, and it's because of price controls on milk.
- Georgelemental 3y agoUtilities are a special case—normal market competition isn't really possible, and reliability is more important than getting the lowest price. As for your store's milk, can you elaborate?
- kube-system 3y agoPrice floors are not uncommon in US agriculture regulation, it prevents prices from falling too low and suppliers going out of business as a result. Milk is one of the common examples of this in the US. e.g.: https://www.maine.gov/dacf/milkcommission/minimum.shtml https://www.maine.gov/dacf/milkcommission/minimum.shtml Again, as you point out, it is another example of reliability being more important than free market pricing. My point here is that "economists say prices control are bad" is an oversimplification. Importantly, economists know how price controls effect markets and sometimes they can be effective tools.