Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

i-node

To: J_F_Shepard who wrote (892160)	10/7/2015 4:49:59 PM
From: TimF	1 Recommendation Read Replies (1) of 1576073

The evidence is history. When price controls price something well above market clearing rate then you either get a black market, or you have a lack of demand. This has happened throughout history (although not as often as price controls where the price is limited, causing shortages and/or a black market). Lack of demand for workers = unemployment A black (or grey) market for workers = Off the books employment. True I can't prove it won't "work differently this time", but such an idea goes against commons sense, the evidence of history, economic theory, and economic studies. Its an extraordinary claim, requiring some serious evidence to even take seriously. Similarly I can't prove that gravity won't work as a repulsive force starting tomorrow, but I'm not placing any bets on that idea.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next