Re:FTC bans hidden junk fees in hotel, event ticket prices
by mikrl on Wednesday December 18, 2024 @09:48AM
(#42450828)
I revisited Henry Hazlitt’s economics in one lesson and in the chapter on labour unions, he actually is fairly moderate provided that unions stick to non-price distorting policies.
Making wage information more accessible to workers being a policy he- an Austrian School economist- supports.
This government ruling falls under that class of policies IMO. It makes prices much more available to consumers and does not on first inspection threaten to distort supply and demand.
for many people, any kind of regulation that restricts companies abilities to make money, regardless of the consequences for average citizen, is "wasteful and discourages innovation". Elon would like to get rid of the FTC altogether for that reason, as well as the Consumer Financial Protection Bureau, which was set up to help protect users from scammy behavior like this.
so yeah, don't hold your breath for the next 4 years (or longer if Elon manages to buy the next election too)