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I made $500 playing craps. I spent $200 on my hotel and another $200 on food and drinks. The trip to Vegas was a net positive. I made $100. In this instance it
by wilfra 14y ago
I made $500 playing craps. I spent $200 on my hotel and another $200 on food and drinks. The trip to Vegas was a net positive. I made $100.
In this instance it would mean that the sum total of the economic benefits to NYC that come from rent-controlled apartments outweigh the sum total of the negatives.
- smokeyj 14y agoThere's a word for profitability already. You're arguing price-control can be a profitable endeavor, but to who? Consumers? The cartels?
- wilfra 14y agoSociety.
- smokeyj 14y agoPrice control is profitable to society? Is there a formula you could show me (I'll buy it from you)? Maybe some underlying principles? Or you just have that 'gut feeling'..
- JonnieCache 14y agoThis is why we can't have nice things.
- grn 14y agoCorrect me if I'm wrong but binding price ceilings and floors always lead to surpluses and shortages respectively and cause a deadweight loss.