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Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles? (lemmy.crimedad.work)

submitted 3 months ago by CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml

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cross-posted from: https://jorts.horse/users/fathermcgruder/statuses/113008342518705813

Instead of price controls to prevent gouging, why doesn't the government build up reserves and stockpiles?

#economics #HarrisWalz #PriceControls #gouging

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[–] CrimeDad@lemmy.crimedad.work 1 points 3 months ago

My feeling is that it's better to solve a problem than to send law enforcement after those who try to take advantage of it. That isn't to say that we shouldn't ever do the latter, but it creates problems like black markets and selective or uneven enforcement.