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Telluride6d ago
Price controls have never worked. As a business owner, if you’re not legally allowed to make a profit or break even selling something, you just stop selling the item.
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Don't Believe The Vibe πŸŒ±πŸ‹πŸŠ6d ago
Yes, this is more like a time bound price control in terms of -you can change the price as you please, but only once a day. The result will be that people have to pay a premium to not have volatility. In no way will this help. Imagine prices were to spike a lot on a day on the market. People will fill everything they have before the price goes up next day at the station. They have to calculate with that so it will end in even higher prices. It's also a great way to achieve physical shortages.
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