How egg prices work (according to progressives)
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (34)
sorted by:
Agreed on all points, except one.
This applies in a free market, but the amount of red tape and various agencies who exist to "approve" or "license" your product before it can be sold make this nearly impossible unless you were already in the industry. In food, this is the FDA or various wildlife marshals and others who exist to mostly run defense for their buddies while making anyone else's life hell who try to move into the market.
While I understand the reason for their existence, and we are probably better off with them than without, their execution leaves a lot of problems on the table. One of which is prices having an artificial inflation that the market cannot do anything to combat.
Yeah, I meant the above point if there exists competition. If there's high barriers of entry because of red-rape then higher prices don't change supply, obviously. Though, I would argue it probably still does to a degree, albeit not very much. The solution though isn't price controls, but removing the red tape.