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In The Media

Deep thinker central planning blue hats learn about basic economics

by Larry Chiang on April 25, 2020

By Larry Chiang
China tried a Great Leap Forward Using price control for food. 30,000,000 people died from starvation.
Deeply Understood Chinese Knowledge.
Free market pricing lets the economy find a Goldilocks price point. Not too hot, not too cold. Well, SF instituted price controls. The mayor and supervisors love central planning. 
“I predicted this would happen when â¦â€ª@LondonBreed‬⁩ decided that she should pick pricing — as opposed to letting the free market decide. 

– jason calacanis @Jason
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Uber eats Can’t deliver 

Matt Haney (@MattHaneySF)
This is DESPICABLE, outrageous behavior from â¦â€ª@UberEats‬⁩

They are now saying that they can no longer deliver to Treasure Island residents bc of new regulations capping commissions. 

So they are RETALIATING against SF by punishing one of our most low income, isolated communities pic.twitter.com/URlgpWleWB


True story, he said it. This tweet is still up. 


Larry Chiang @6502838008 (@LarryChiang)
“Deep thinker central planning blue hats learn about basic economics.”

 
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Price controls inked by government officials tend to have unintended consequences. I think there’s a book coming out with all the unintended consequences SF legislators have enacted. 

Gwen Cheni (@GwenInvestor)
⁦‪@arrington‬⁩ Price caps (or ceilings) are actually ways to limit and reduce demand, just like quotas. Picture is worth a thousand words: here’s a graph on rent control from an econ textbook.


Michael Arrington (@arrington)
It’s like a parody of stupidity. It can’t be real.


Econ 101

“What They Don’t Teach You at Stanford Law School”
#WTDTYAHBS
#WTDTYASBS 
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CEO of Duck9, Larry at (650) 283-8008 (@6502838008)
Adjustments!

⁦‪@MattHaneySF‬⁩ I like the mask!

First half score was Stanford Law 0; Stanford Econ 101

Second half, am looking forward to your in game adjustments. pic.twitter.com/lg5ZRgFCvK

jason@calacanis.com (@Jason)
⁦‪@MattHaneySF‬⁩ â¦â€ª@UberEats‬⁩ I predicted this would happen when â¦â€ª@LondonBreed‬⁩ decided that she should pick pricing — as opposed to letting the free market decide. 

Michael Arrington (@arrington)
It’s like a parody of stupidity. It can’t be real.

CEO of Duck9, Larry at (650) 283-8008 (@6502838008)
Adjustments!

⁦‪@MattHaneySF‬⁩ I like the mask!

First half score was Stanford Law 0; Stanford Econ 101

Second half, am looking forward to your in game adjustments. pic.twitter.com/lg5ZRgFCvK


Sales, entrepreneurship and reading people is #WTDTYASBS 
What They Don’t Teach You at Stanford Business School


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