Quote:
Originally Posted by spence
Sounds like central planning.
Yup. And government price controls generally create negative distortions on the market. If it were possible for the government to impose the exact price levels which would achieve a true equilibrium in market transactions, it might be a good thing. So far, that doesn't seem to have been possible.
Perhaps all the private companies that have lobbied for price fixing over the years should fess up.
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That would expose their request for crony capitalistic suppression of competition. We all know that crony capitalism is a No-No. But, alas, it happens anyway. The "left" and the "right" rail against it, but neither is able to eliminate it.