Re:$1,944 for a coronavirus test? Readers helped us spot an ...
by adolph on Thursday February 04, 2021 @12:28PM
(#26027582)
Once captured, the regulators coerce the market, through mis-regulation, into one that more effectively captures consumer value for certain producers.
Is the price of specialization and sophistication the movement of decision power away from the source of decision quality information? I find it paradoxical to use regulation as a response to the fact that "it is unreasonable to expect every consumer to be an expert" in that it is likewise unreasonable to expect regulators to be expert in the context and values of each individual consumer.
Is the price of specialization and sophistication the movement of decision power away from the source of decision quality information? I find it paradoxical to use regulation as a response to the fact that "it is unreasonable to expect every consumer to be an expert" in that it is likewise unreasonable to expect regulators to be expert in the context and values of each individual consumer.