It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. https://t.co/I57KOCY2hb
~Adam Smith
The Wealth of Nations
"If lockdowns did anything good, they did show how many regulations were unnecessary and simply roadblocks to innovation."
~Ethan Yang
Unfreezing the Economy After Lockdowns: https://t.co/E7NT7V57g7.
You could teach a year-long Econ class on the bizarre regulations, restrictions, that underlie this story. And the fear of "gouging" that motivates some private behavior. And then there's rent-seeking galore. So much to talk about.