Taxation is better than a ban, but in this case it remains an attempt at price control. “Documented” cost increases is doing a lot of work. Better than “vibes about price,” but it is the same deal: the government “knows better” what prices should be than what is revealed by the market. I’d argue that if the government doesn’t like what the market is yielding, it can get involved in the market and help expand supply itself, which we see governments attempt during disaster relief already.
Taxation is better than a ban, but in this case it remains an attempt at price control. “Documented” cost increases is doing a lot of work. Better than “vibes about price,” but it is the same deal: the government “knows better” what prices should be than what is revealed by the market. I’d argue that if the government doesn’t like what the market is yielding, it can get involved in the market and help expand supply itself, which we see governments attempt during disaster relief already.