bloomberg.com/news/articles/…
Just listened to this podcast w/ @IsabellaMWeber and it was enlightening, thought provoking, & humbling for many reasons.
Like most people, I only know a tiny bit of economics and generally dislike price controls. 🧵
Just listened to this podcast w/ @IsabellaMWeber and it was enlightening, thought provoking, & humbling for many reasons.
Like most people, I only know a tiny bit of economics and generally dislike price controls. 🧵
I know a little of a lot of things, I also know a lot about very few things & suffer from the same bias many folks do; that I think I know more than I do. Listening to this interview was a good reminder that there are folks much smarter & more knowledgeable that are true experts.
It was the first time (to me) price controls was discussed & presented in a way that seems compelling/necessary given the circumstances. i.e. supply constraints that cannot be (quickly) solved by price competition can lead to exploitation/profiteering.
de.wikipedia.org/wiki/Isabella_…
de.wikipedia.org/wiki/Isabella_…
confession: while I believe that affordable housing is an important societal issue, I've never liked rent control despite (or perhaps because of) having lived almost exclusively in cities that had them. The implementation always seems lacking, and...
places the tenants and property owners in direct conflict with predictable results. Rampant housing inflation seems like a clear analog to the gas supply shortage in DE. And "strategic price controls" as proposed by @IsabellaMWeber may be useful to help solve our housing crisis.
If you're this deep in this thread and haven't listened to @IsabellaMWeber "On Germany's Plan to Cap the Price of Gas", please do. It certainly has given me lots of think about.
omny.fm/shows/odd-lots…
p.s. didn't realize that @paulkrugman was such a prick. #TIL
omny.fm/shows/odd-lots…
p.s. didn't realize that @paulkrugman was such a prick. #TIL
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