Anonymous #4 2w

Okay. How would it crash the economy? This was just one off the dome example of many so I’m not exactly dying on this hill. Explain to me why I should be against this.

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Anonymous #3 2w

Probably I’m not an economist. There are other, better ways of handling the cost of goods. Government run grocery stores is an idea I’m very fond of and excited to see hopefully take root in NYC to see if it works.

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Anonymous onigiri. 2w

they throw off the efficient market allocation of resources and lead to supply shortages. economists generally favor policies that increase the supply of goods (like zoning more housing to be built) which naturally lowers prices, rather than the demand side

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Anonymous #4 2w

Okay. I can hear that. So then what about state run grocery stores. How do you feel about that, when viewed from a similar framework.

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Anonymous #3 2w

generally speaking price caps have a mixed effect. it really depends on how high or low they’re actually capped at. most contemporary economists do agree that in countries that have higher populations of the poor or with high disparity between the rich and the poor (think countries like brazil or more densely populated sections of the u.s.) that price caps actively can help sustain populations that may struggle otherwise

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Anonymous #3 2w

on the other hand, however, if they’re capped too low it can lead to subtle loss of real wages. i know saying “it depends” is kind of a nonanswer but it genuinely just depends how how they’re actually capped.

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Anonymous #5 2w

Well that’s just economics tho ain’t it

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Anonymous onigiri. 2w

unfortunately yes. economics is a science of “yes but sometimes also no”

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Anonymous onigiri. 2w

potentially good. i dont think there’s big studies on their market effects since theres just not that many of them, but there are examples of them working. i think they work best in areas that are deemed not profitable by big stores and as such have no large grocery stores

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Anonymous #4 2w

Aight. Cool. Well there’s an option for you.

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Anonymous onigiri. 2w

there are some potential problems with mamdanis plan in new york, since putting stores with lower prices (subsidized by tax payers) in high density areas with many bodegas around could potentially hurt smaller stores ability to get by. but the potential problems with stores like this are less absolute than problems with price controls, and the stores could be treated as a public good similar to a library that people are happy to pay into so people get lower prices

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