Tuesday, September 20, 2022

Are you odious?

The Economist opines on shortages in Egypt and Tunisia:
The government’s price-fixing exacerbates the problem. Dairy farmers, for example, must sell their milk for 25% less than it costs to produce, and the government is not making up the difference. ...Many have left the business or thinned their herds.
Relatedly, Tyler Cowen has a simple test to determine if a person is "odious," i.e., as bad as Hitler:
I’ll just ask myself, well, are their views worse than the views of someone who wants price controls on prescription drugs?

[In case you didn't understand the test, drug price controls kill thousands of people each year by reducing supply.]

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