Government Price Controls:
A Thread: 👇
We have seen a lot talk about price controls in the media lately, with articles in The Guardian, ABC News and The Financial Times calling for price controls to curb inflation. Will this work? Lets take a closer look:
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The merit order of copper.
How can it be that the copper price FOR ALL MINES is determined by THE MOST EXPENSIVE MINE?
We need a new copper market design.
I propose a split market with mandatory CfDs for inframarginal mines.
Warum twittern sich hier immer noch so viele in Rage und behaupten, dass die hohen Strompreise bei uns trotz vermeintlicher Autarkie und 100% erneuerbarer Produktion entstehen? Fake news. https://t.co/mN53xthu7z
This is Russian Propaganda; exactly 100% backwards. Idiots believe this.
In 1984, there was no web; governments had total control of information.
In 2022 things are more transparent, so we see imperfections.
THE TRANSPARENCY EFFECT: the more things improve the worse they look.
„Wenn die mit Auto zurückgelegten Kilometer sinken sollen, kann es definitiv nicht der Weisheit letzter Schluss sein, dass jene, die wenig Auto fahren, die subventionieren, die mehr Wege damit zurücklegen. Das ist aber der Status quo“ #Leseempfehlung
Endlessly heard on financial TV: "How will the emergence of 'meme' stocks change the future of investing?"
I'll tell you. It'll give future generations yet another historical example of how ridiculously mindless speculation becomes at the peak of every bubble.