Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on America produces enough oil to meet its needs, so why do we import crude?. Parent comment
Person who has taken an undergraduate econ course only: "Price controls are terrible!"
Mathematical economists: "Price controls are bad by definition, under highly restrictive assumptions about human welfare."
Economists who study the actual history of price controls: "It varies and depends."
Regarding the last view, Isabella Weber has done some interesting work: https://twitter.com/IsabellaMWeber
There are no comments on this comment yet.
Person who has taken an undergraduate econ course only: "Price controls are terrible!"
Mathematical economists: "Price controls are bad by definition, under highly restrictive assumptions about human welfare."
Economists who study the actual history of price controls: "It varies and depends."
Regarding the last view, Isabella Weber has done some interesting work: https://twitter.com/IsabellaMWeber