Higher prices charged have a couple of unappreciated benefits.
If there were no price controls or threat thereof, prices in the present situation would be high enough to keep stocks on the shelves.
The shelves aren’t empty because of free-market capitalism. They’re empty because of active interference with free-market capitalism.
Prices should rise during emergencies. That’s because prices aren’t just money; they are signals, information. They tell suppliers what their customers want most.
The government should have no business in controlling drug prices or regulating drug development.
Instead of finding (temporarily expensive) masks available for sale, we are confronted by “No masks available” signs everywhere we look.
We increasingly live in a new “dark age” of economic ignorance, and even stupidity. Few things exemplify this trend as much as the call for price controls over the interactions of multitudes of people in the marketplace of supply and demand. There...
Allowing prices to rise to heights that accurately reveal the intense desperation of the situation is the surest means of encouraging additional supplies of vital goods to be rushed ASAP to the area.
Many high employment “countries such as Iceland, Norway, Sweden and Switzerland” have no minimum wage laws.
A mandatory minimum wage rate, to the extent it’s set above the market-clearing wage rate, causes unemployment.
Does a government-mandated minimum wage help or hurt the very workers and job seekers that Ocasio-Cortez wants to help?
After all the studies and the near-unanimous opinion of economists — and even after the negative real-world effect of the minimum wage — it still remains popular.