Beep@lemmus.org to Lemmy Shitpost@lemmy.worldEnglish · 15 hours agoAmericans be like:i.redd.itimagemessage-square37fedilinkarrow-up1472arrow-down114
arrow-up1458arrow-down1imageAmericans be like:i.redd.itBeep@lemmus.org to Lemmy Shitpost@lemmy.worldEnglish · 15 hours agomessage-square37fedilink
minus-squareFishFace@piefed.sociallinkfedilinkEnglisharrow-up26·11 hours agoIt is kind of crazy how price controls suddenly become fashionable when there’s a shortage. Like yeah, that’s how this whole “supply and demand” thing works!
minus-square8oow3291d@feddit.dklinkfedilinkarrow-up20·edit-211 hours agoFrom both a moral and an economical perspective, price controls on oil in the US would make tons of sense right now. The US oil producers have done nothing to deserve the current arbitrary price windfall. So morally acceptable The US economy would do much better without the price increase The US is self sufficient with oil, so technically there is no problem with shortages if price controls were put into place. But as Krugman said, in the current political environment, such price controls are simply not being considered. The US is run by free market morons.
It is kind of crazy how price controls suddenly become fashionable when there’s a shortage. Like yeah, that’s how this whole “supply and demand” thing works!
From both a moral and an economical perspective, price controls on oil in the US would make tons of sense right now.
The US is self sufficient with oil, so technically there is no problem with shortages if price controls were put into place.
But as Krugman said, in the current political environment, such price controls are simply not being considered. The US is run by free market morons.
Tankies gonna tank.