{"version": "1.0", "type": "rich", "title": "30th June 2023", "author_name": "kontextmaschine", "author_url": "https://kontextmaschine.com", "provider_name": "kontextmaschine", "provider_url": "https://kontextmaschine.com", "url": "https://kontextmaschine.com/post/721588243909558272/", "html": "

the-big-mood:

sword-grandma:

hottdoggblogg:

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I cannot emphasize enough that this was the historical way markets operated and it was a failure, that governments required that staples like flour be sold at “customary prices”, stable over time and matched to the economic capacity of customers.

But to the extent the product had any relation to a larger market (which in fairness, bulky or quickly perishable goods might largely not) affected by actual supply and demand (from say annually variable harvests and military campaigns) and yielding actual market prices, the market price rising above this regulated price would not lead to customers receiving goods below cost (opportunity cost is cost too), instead they would find shortages, shortchanging, and adulterated goods.

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