thebitcoinway on Nostr: Price controls might seem attractive at first, especially when the cost of living is ...
Price controls might seem attractive at first, especially when the cost of living is becoming unbearable for most
But it's no solution
If you cap the price, but the manufacturer's costs keep rising with #inflation, then eventually it becomes unprofitable to produce....
So they don't...
And shortages follow
Published at
2024-08-26 09:19:04Event JSON
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"content": "Price controls might seem attractive at first, especially when the cost of living is becoming unbearable for most\n\nBut it's no solution \n\nIf you cap the price, but the manufacturer's costs keep rising with #inflation, then eventually it becomes unprofitable to produce....\n\nSo they don't...\n\nAnd shortages follow",
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