Curtis Rock 🕊︎ on Nostr: In free markets, where there is competition, price gouging is a temporary, ...
In free markets, where there is competition, price gouging is a temporary, self-healing, phenomenon.
If you implement price controls, you are hiding flaws in the system, and kicking the can down the road, rather than fixing flaws in the system.
The net result is that your cyclical swings between prosperity and calamity are less frequent, more pronounced and more damaging.
Published at
2024-09-24 16:07:14Event JSON
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