Re:Unsolved problems in economics
by huitzitziltzin on Tuesday May 17, 2022 @08:02PM
(#31417682)
> the subject was "unsolved problems in economics", not "unsolved problems in politics". Regulation is a political topic, not an economic one.
If you don’t care about getting it right, fine. Ask politicians to do whatever they want on the basis of whatever biases they have.
If you want to get it right, then you need to weigh the costs and benefits of different regulatory policies. That requires theory and data.
The subject was "unsolved problems in economics", not "unsolved problems in politics". Regulation is a political topic, not an economic one.
That last point might be economic in nature, but only if Apple is the one making the decision, and is free to choose their own price without fear of regulation. Otherwise it's still politics.