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I think you're deliberately avoiding what I am saying, which is "price controls" and pretending that I am saying "regulation". Those are completely different co

I think you're deliberately avoiding what I am saying, which is "price controls" and pretending that I am saying "regulation". Those are completely different concepts. The article itself is showing exactly what happens when you have price controls - supply dries up and the market falls apart.

skhunted 3y ago
I think you are deliberately missing the point. Part of the regulation of insurance companies and utilities is price controls. We have decades of experience with these price controls not causing a problem. The act of having a price control does not cause supply to dry up and the market to fall apart as you say. Of course a poorly implemented price control can cause that. Price controls in and of themselves do not cause supply problems.
- baggy_trough 3y ago
  You have an incorrect understanding of price controls.
  - skhunted 3y ago
    We have decades of experience of insurance companies and utilities not being able to charge whatever they want without causing shortages. Now, in California there is an example where this price limitation is causing some companies to pull out of the market. Price controls can be used without causing a shortage and they can be used in a such a way to cause a shortage. Price controls in and of themselves do not cause anything. It’s how they are implemented that matters.
    - baggy_trough 3y ago
      The consensus of economists is that you are wrong.
      - skhunted 3y ago
        What economist is willing to say that there is a shortage of electricity where electric companies are regulated in the U.S. because there is a cap on how much they can charge? In almost every state there is not a shortage of companies willing to provide car or home insurance even though they are not allowed to charge whatever they want. Which economist is going to say that in those states the price control on insurance companies is causing a shortage?

skhunted 3y ago

I think you are deliberately missing the point. Part of the regulation of insurance companies and utilities is price controls. We have decades of experience with these price controls not causing a problem. The act of having a price control does not cause supply to dry up and the market to fall apart as you say. Of course a poorly implemented price control can cause that. Price controls in and of themselves do not cause supply problems.

baggy_trough 3y ago
You have an incorrect understanding of price controls.
- skhunted 3y ago
  We have decades of experience of insurance companies and utilities not being able to charge whatever they want without causing shortages. Now, in California there is an example where this price limitation is causing some companies to pull out of the market. Price controls can be used without causing a shortage and they can be used in a such a way to cause a shortage. Price controls in and of themselves do not cause anything. It’s how they are implemented that matters.
  - baggy_trough 3y ago
    The consensus of economists is that you are wrong.
    - skhunted 3y ago
      What economist is willing to say that there is a shortage of electricity where electric companies are regulated in the U.S. because there is a cap on how much they can charge? In almost every state there is not a shortage of companies willing to provide car or home insurance even though they are not allowed to charge whatever they want. Which economist is going to say that in those states the price control on insurance companies is causing a shortage?