137 sats \ 1 reply \ @_stacktoshi 19 Aug \ parent \ on: Grocery Store Price Gouging? econ
They feel like they make sense to that ignorant Uber driver, but just imagine if you had informed him that the majority of people (most likely) feel Ubers are too expensive, and what price controls would mean for him and his profession: he wouldn't make enough to continue driving in all likelihood. And if enough people like him quit, the availability of rides and quality would both degrade, further harming the demand for Ubers.
The only people who don't get 2nd order effects are the people incentivized not to get order effects, i.e. politicians and the voters that they've bribed. Some people have to touch the hot stove though, or preferably, we just empathize and educate them in terms they can understand.
I like using the phrase "superficially plausible", in cases like this.
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