Government’s Myopic Price Setting Never, Ever Works

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Seton Motley | Less Government | LessGovernment.org

Price setting/regulation/caps …is awful. Government is awful at…everything. Government price setting/regulating/capping…is awful squared. Why is price setting awful? Because it is impossible to do it even remotely accurately. There are a multitude of market factors that coalesce into the price of a widget at any given moment. These multitudinous market factors – are constantly changing.  […]