Sat Oct 14 21:56:45 UTC 2017

Time-block stuff (getting started late today)

Sat Oct 14 22:05:04 UTC 2017

Reading a bit of "Basic Economics" at the Seattle Indies Meetup.

I already have a bunch of problems with the "Price Controls" chapter. The problem isn't that what he saying isn't true, the problem is him leaving out a bunch of details that make the whole situation a lot more complicated than it is.

For example, price controls are not just a government thing. People who own the supply can very well work towards price controls. This is the reason monopolies are bad. But I wonder if monopolies will ever be mentioned in this book at all.

I keep coming back to the lack of consideration of "leverage". I mean, I haven't read much of the book, but if leverage isn't ever brought up, I won't be surprised, and the book will be missing an important part of economics because of it.

And leverage is an important concept, because it's a part of how governments influence economies, and noting that leverage isn't only a tool of governments is an important means of considering why economies are fragile and need purposeful direction at times.