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Replying to Avatar Hedraios

I've come to associate the concept of price controls as a form of subtle moral evil, in that a ruler decrees a value for a good that does not accurately match the real value for that good.

So it has to distort the truth.

I think, in an indirect way, it is lying?

While I think all value is subjective (as a good has different utility for every individual), there is still a kind of market truth.

If money could not be manipulated, then the going price of a thing would accurately reflect its place in a society's hierarchy of value

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🦊🔫🥩🏴‍☠️⚡ 1y ago 💬 2

There isn’t a social hierarchy of value…as you already said, value is subjective. Individuals value different things. The price is just information.

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Hedraios 1y ago

Yeah, I hear you. The price is just information

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Hedraios 1y ago

Now that I think about it a bit more, this is a really important point

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