That's a critical point: price discovery is so important. Many times, a government program ends up messing up price discovery: housing is a problem - set limits on what landlords can charge! Insurance is a problem - set a max rate! Heath care a problem - set a limit to medicare rates.
That's a critical point: price discovery is so important. Many times, a government program ends up messing up price discovery: housing is a problem - set limits on what landlords can charge! Insurance is a problem - set a max rate! Heath care a problem - set a limit to medicare rates.