A lot of people understand that "price controls" are bad and cause shortages. I wish there was an equally snappy term for "subsidizing demand while there are legal or systemic obstacles to increasing supply". I still suspect "cost disease" will turn out to be straight-up this.https://twitter.com/cheapseatsecon/status/1183937544448335872 …
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the mania isn't an essential feature of the problem, but the example is so evocative. alas.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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