alt Hacker NewsWhy not? The point of regulation is to fix things when market forces haven't been sufficient. You keep talking about winners and losers but it's unclear to me who you think is actually winning in this situation.
Why not? The point of regulation is to fix things when market forces haven't been sufficient. You keep talking about winners and losers but it's unclear to me who you think is actually winning in this situation.
and what market forces haven’t been sufficient here. Demand went up, price has gone up. Price has been fairly stable since the initial run up. It’s unclear to me why you think who the winners or losers matters. My position is it’s incredibly difficult to regulate short term supply and demand. You will always introduce unintended consequence. Regulation in my opinion works best where there are external costs that are hard to measure. This is not one of them.