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← Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
16 connected korrents · 11 moments from 1 Jun 2022 to 22 Sept 2026. Nearly all of them are about price gouging .
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inflation
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capitalism Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls. Last stated 9 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are among the most ruinous economic policies a government can impose. Last stated a month ago
18 Sept 2026
SS
Scott Sumner — holds since 2026-09-18 — tap for who they are
Same subject: Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. — tap to centre the map on it Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls. Last stated 9 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. — tap to centre the map on it Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. — tap to centre the map on it Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most. — tap to centre the map on it Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most. Last stated 2 years ago
20 Aug 2024
JC
John H. Cochrane — holds since 2024-08-20 — tap for who they are
Same subject: Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. — tap to centre the map on it Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation. Last stated 9 months ago
12 Feb 2026
AT
Alex Tabarrok — holds since 2026-02-12 — tap for who they are
Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified through fungibility of alternatives, not merely through lower price. Last stated 2 months ago
26 Aug 2026
RK
Rohit Krishnan — holds since 2026-08-26 — tap for who they are
Same subject: A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. — tap to centre the map on it A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand. Last stated a year ago
2 Sept 2025
BE
Benedict Evans — holds since 2025-09-02 — tap for who they are
Same subject: Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. — tap to centre the map on it Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. Last stated 4 years ago
2 Mar 2023
LP
Lant Pritchett — holds since 2023-03-02 — tap for who they are
Same subject: A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. — tap to centre the map on it A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute. Last stated a month ago
22 Sept 2026
TC
Tyler Cowen — holds since 2026-09-22 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated a month ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees. — tap to centre the map on it AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees. Last stated 2 months ago
15 Aug 2026
HR
Harper Reed — holds since 2026-08-15 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. — tap to centre the map on it A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. — tap to centre the map on it A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
At the centre
Misallocation, not the aggregate quantity reduction, is the main welfare cost of price controls.
Holds Read this korrent →
Draconian price controls are among the most ruinous economic policies a government can impose.
Holds
Feast-or-famine corner outcomes, not modest proportional belt-tightening, are the generic result of price controls.
Holds
Handing out cheques during Covid and accepting the inflation was less damaging than price controls and rationing would have been.
Holds
Laws against price gouging are what cause hoarding, because it is the expectation of empty shelves that makes people stock up.
Holds
Price gouging should be legal, because a sharply higher price is what sends scarce supply to the people who need it most.
Holds
Corner allocations under price ceilings are a distinct source of cross-market misallocation, separate from Harberger quantity loss and within-market misallocation.
Holds
A market becomes commodified through fungibility of alternatives, not merely through lower price.
Holds
A sophisticated economy cannot be centrally planned, because planning removes the price signal that carries information about demand.
Holds
Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it.
Holds
A ban on self-recursive improvement in AI models would create a big incentive for some other parts of the world to invest a lot more in compute.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
A government's debt dynamics are a household's or a company's, except that it can print money and tax -- and those two powers are what change the ending.
Holds
A longer average debt maturity protects a government from temporary interest-rate spikes and gives it more time to adjust to permanent rate increases.
Holds