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Have price controls ever ended with a positive outcome for consumers, or anyone for that matter?
by rizzom5000 2y ago
Have price controls ever ended with a positive outcome for consumers, or anyone for that matter?
- gms 2y agoNo. Unfortunately wielding them is always an act of either ignorance or malice.
- antifa 2y agoLol no, this is like saying lawn mowers don't work just because you know a guy who refused to do regular maintenance like oiling the engine.
- loceng 2y agoIs this an argument for having or eliminating the gold standard, where currency is anchored to a physical good?
- cryptonector 2y agoClearly GP's argument has nothing to do with how a currency is run.
- loceng 2y agoI wasn't sure, so I was asking; I wonder how complex of an understanding of these systems have integrated into how they actually address the topics. I don't like to assume - but would I be more right to assume you're big into "cryptocurrencies" with crypto being in your username or more wrong?
- rizzom5000 2y agoI was referencing something like this: https://en.wikipedia.org/wiki/A.L.A._Schechter_Poultry_Corp._v._United_States https://en.wikipedia.org/wiki/A.L.A._Schechter_Poultry_Corp.... I think the 70's gas rationing in the US was another example of where price controls absolutely stomped on consumers. I'm not sure if there are any examples to the contrary, but there are surely people who benefit as, say, 'winning' a rent controlled apartment (but I wouldn't necessarily consider that those people were ever actually consumers in the market to begin with).
- loceng 2y agoA lot of interesting policy options in that case - thanks for sharing. I think an evolution of government is necessary, likely where a relatively blank slate is needed to flush out the influence of regulatory capture - and most important where each political party comes forward to present their actual party platform that will update/remove what existing laws in place - basically a version controlled repo like Git facilitates. This way there will be an exact breakdown, exactly in the place of existing laws for the layperson et al to go through it in an easy UI/UX; along with commentary and conversation - similar to how the Genius.com allowing line-by-line threaded commentary.
- Boltgolt 2y agoThe EU enforces a bunch of them, including no more than 0.2% fees on card purchases, no cellular roaming fees and no fee for in-EU money transfers.
- bobthepanda 2y agoPercentage price controls make a lot more sense than fixed value price controls not adjusted for anything.