Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by AngryData on Monday July 10, 2023 @11:10PM
(#36675997)
That is not a good comparison. Scientists that disagree with climate change are like a couple percent at max. Meanwhile nearly every economic topic, including price controls, would have double digits of economists disagreeing with it. Economics is not a hard science where you can take anything in absolutes.
Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by somewhat_drunk on Wednesday July 12, 2023 @11:46AM
(#36696350)
Disagree. Climate science and economics are quite similar in this context, in that both an economy and a global environment are so massive and massively complex that neither can be isolated and studied in a controlled environment.
In such cases, when there does exist a consensus, it's probably correct.
They're probably upset the same way that climate scientists get upset when people dispute climate change; that is, it's a widely-studied phenomenon by economists of all political persuasions with lots of evidence to back it up.
A price ceiling causes a shortage, like cars lining up at gas stations during the 70s oil crisis or the 10+ years of wait time in Stockholm apartments. A price floor causes a surplus, like unemployed workers at the minimum wage.