The Era of Biden

[C-Mag]

Side note, I do wonder, why can't we have a limitation of how much a company can increase the cost of things?

Who wants to take this one?

Communism is the best choice for universal price controls.

[The Conservative]

Side note, I do wonder, why can't we have a limitation of how much a company can increase the cost of things?

Who wants to take this one?

Obviously, TC wasn’t alive during the Nixon/Carter Price Control years.

Yes I was, and there was a time where my family got stuck on the highway because of a lack of gas... that being said, tell me when the increase of a product goes beyond profit and escalates to abuse? The same issue with Insulin... remember? How it went up over 300%...

Competition is good, but monopolies, not so much.

[C-Mag]

Insulin costs are due to regulations and protections put in place by first Obama, then again with Biden.

If the market was left unchecked, insulin would be cheap.

[The Conservative]

Insulin costs are due to regulations and protections put in place by first Obama, then again with Biden.

If the market was left unchecked, insulin would be cheap.

Well, then we either need to get government and other regulations out of the way of product, or we need to find a way to bring prices down to a reasonable cost. This level of increase is unintenable.

[DBTrek]

First learn supply and demand.
Then it will become apparent why the government can't just pick prices for things.

[Martin Hash]

First learn supply and demand.
Then it will become apparent why the government can't just pick prices for things.

Command economies can operate for decades, as proven by the Soviet Union; the shelves are empty but because perversity is such a powerful motivator, a majority of people would rather nobody have something if they can’t.

[C-Mag]

First learn supply and demand.
Then it will become apparent why the government can't just pick prices for things.

Racism - Demand is greater than the supply

[DBTrek]

It's true ... I shouldn't have said you can't let government set prices. I mean, you certainly CAN do that if you want. I meant it in the same way as when people say "You can't just drive through a red light at a busy intersection".
Really, you can.
But there are very foreseeable consequences.

[The Conservative]

First learn supply and demand.
Then it will become apparent why the government can't just pick prices for things.

For wood, the supply is there. There's is bullhit why it's so high, and it has nothing to do with demand.

It's about as false as the oil cartels reasoning.

[GloryofGreece]

First learn supply and demand.
Then it will become apparent why the government can't just pick prices for things.

Command economies can operate for decades, as proven by the Soviet Union; the shelves are empty but because perversity is such a powerful motivator, a majority of people would rather nobody have something if they can’t.

I think its true of a chunk of people but not a majority.