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John McCune's avatar

Are you opposed to price controls,or just price floors?

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Samson McCune's avatar

All price controls are typically harmful for efficiency, not just price floors. Price floors are often seen as more in-tune with rent-seeking than price ceilings, however, because if a given quantity is static, then increasing the price above the efficient price will increase profits, necessarily.

Which is to say that yes, I am opposed to all price controls.

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