“Price gouging protections” (aka price controls) cause shortages. Interfering with the market’s ability to allocate scarce resources during emergencies makes things worse.
Posted by delugepro
“Price gouging protections” (aka price controls) cause shortages. Interfering with the market’s ability to allocate scarce resources during emergencies makes things worse.
Posted by delugepro
1 Comment
Sources:
* [Max Meyer’s tweet](https://x.com/mualphaxi/status/1878488753339031966)
* [Gavin Newsom’s tweet](https://x.com/GavinNewsom/status/1878464815188099111)
* [Basic Economics pp. 92-93](https://archive.org/details/sowell-thomas-basic-economics-5th-edition-2014-basic-books-9780465056842/page/n91)