“It's a thermometer, not the heat itself. “ 👌

The perfect analogy does not exis—

I've come to associate the concept of price controls as a form of subtle moral evil, in that a ruler decrees a value for a good that does not accurately match the real value for that good. So it has to distort the truth. I think, in an indirect way, it is lying? While I think all value is subjective (as a good has different utility for every individual), there is still a kind of market truth. If money could not be manipulated, then the going price of a thing would accurately reflect its place in a society's hierarchy of value

how do you stop them?

What for them to destroy themselves

Great post Guy!

Free enterprise is the default state of affairs. It's a complex and ever-ongoing negotiation of prices between retailers, product producers, commodity producers, employees, and so forth. It is a constantly-adjusting control system sorting toward Truth. Authoritarian governments and the masses that support them can impede upon prices and thus rekt the ability for natural pricing to occur, which disrupts all trade and makes everything more inefficient and more expensive. Notably, the handful of countries that have made social democracy work, all preserved the metric of "ease of doing business." In other words, if you examine Scandinavian countries, they do have high taxes and high support for society. That's how these relatively small and homogenous societies have chosen to govern themselves, and they consistently score among the highest global levels of happiness. But in terms of "ease of doing business," they still score very high. They tax and spend, but they don't interference with business operations to generate new value. They tax and redistribute the engines of growth, but they don't impede the engines of growth. That's the key thing, in terms of variables not to mess with. Don't interfere with the flow of pricing, domestically or globally, which is ultimately just information. Maintain the ease of doing business, let pricing set supply/demand balances, and then sort out what sort of social contract exists independently of those foundational wealth-building engines. View quoted note →

Your analogy is pretty god damn good. Permission to use at my next presentation?

love this metaphor and will be stealing it