{"id":13149,"date":"2020-04-25T16:33:53","date_gmt":"2020-04-25T20:33:53","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13149"},"modified":"2020-04-25T18:34:35","modified_gmt":"2020-04-25T22:34:35","slug":"deep-thinker-central-planning-blue-hats-learn-about-basic-economics","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/deep-thinker-central-planning-blue-hats-learn-about-basic-economics\/","title":{"rendered":"Deep thinker central planning blue hats learn about basic economics"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
China tried a Great Leap Forward Using price control for food. 30,000,000 people died from starvation.<\/div>\n
Deeply Understood Chinese Knowledge.<\/div>\n
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. <\/div>\n
\u00e2\u20ac\u0153I predicted this would happen when <\/span>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LondonBreed\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/span> decided that she should pick pricing \u00e2\u20ac\u201d as opposed to letting the free market decide. <\/span><\/span><\/p>\n
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Do <\/span>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@DoorDash\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/span> <\/span>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Postmates\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/span> and <\/span>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Grubhub\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/span> still deliver to treasure island?\u00e2\u20ac\u009d<\/span><\/p>\n<\/div>\n

– <\/span>jason calacanis <\/b><\/span>@Jason<\/a><\/b><\/span><\/div>\n
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Uber eats Can\u00e2\u20ac\u2122t deliver <\/span><\/div>\n
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<\/span><\/td>\nMatt Haney (@MattHaneySF<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/24\/20, 1:20 PM<\/font><\/a><\/div>\n
This is DESPICABLE, outrageous behavior from <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@UberEats\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>. <\/p>\n
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They are now saying that they can no longer deliver to Treasure Island residents bc of new regulations capping commissions. <\/p>\n

So they are RETALIATING against SF by punishing one of our most low income, isolated communities pic.twitter.com\/URlgpWleWB<\/a><\/p>\n<\/div>\n

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\nTrue story, he said it. This tweet is still up. 
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<\/span><\/td>\nLarry Chiang @6502838008 (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/24\/20, 8:10 PM<\/font><\/a><\/div>\n
\u00e2\u20ac\u0153Deep thinker central planning blue hats learn about basic economics.\u00e2\u20ac\u009d<\/p>\n
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–<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@RufusYoakam\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> pic.twitter.com\/A697gtsNYm<\/a><\/p>\n<\/div>\n

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Price controls inked by government officials tend to have unintended consequences. I think there\u00e2\u20ac\u2122s a book coming out with all the unintended consequences SF legislators have enacted. <\/span><\/div>\n
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<\/span><\/td>\nGwen Cheni (@GwenInvestor<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 10:42 AM<\/font><\/a><\/div>\n
<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@arrington\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> Price caps (or ceilings) are actually ways to limit and reduce demand, just like quotas. Picture is worth a thousand words: here\u00e2\u20ac\u2122s a graph on rent control from an econ textbook.<\/p>\n
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twitter.com\/gweninvestor\/s\u00e2\u20ac\u00a6<\/a> pic.twitter.com\/FDtqv0T5ui<\/a><\/p>\n<\/div>\n

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<\/span><\/td>\nMichael Arrington (@arrington<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 1:27 AM<\/font><\/a><\/div>\n
It\u00e2\u20ac\u2122s like a parody of stupidity. It can\u00e2\u20ac\u2122t be real.<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/span>
\nEcon 101<\/span><\/span><\/p>\n

\u00e2\u20ac\u0153What They Don\u00e2\u20ac\u2122t Teach You at Stanford Law School\u00e2\u20ac\u009d
\n<\/span>#WTDTYAHBS<\/a><\/span>
\n<\/span>#WTDTYASBS<\/a><\/span> 
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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 2:57 PM<\/a>c<\/font><\/div>\n
Adjustments!<\/p>\n
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<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@MattHaneySF\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> I like the mask!<\/p>\n

First half score was Stanford Law 0; Stanford Econ 101<\/p>\n

Second half, am looking forward to your in game adjustments. pic.twitter.com\/lg5ZRgFCvK<\/a><\/p>\n<\/div>\n

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<\/span><\/td>\n<\/a>jason@calacanis.com<\/a> (@Jason<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 1:08 PM<\/font><\/a><\/div>\n
<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@MattHaneySF\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@UberEats\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> I predicted this would happen when <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LondonBreed\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> decided that she should pick pricing \u00e2\u20ac\u201d as opposed to letting the free market decide. <\/p>\n
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Do <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@DoorDash\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Postmates\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> and <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Grubhub\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> still deliver to treasure island?<\/p>\n<\/div>\n

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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 2:54 PM<\/font><\/a><\/div>\n
<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Jason\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@MattHaneySF\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@UberEats\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LondonBreed\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@DoorDash\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Postmates\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Grubhub\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> Econ 101<\/p>\n
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\u00e2\u20ac\u0153What They Don\u00e2\u20ac\u2122t Teach You at Stanford Law School\u00e2\u20ac\u009d
\n#WTDTYAHBS<\/a>
\n#WTDTYASBS<\/a> 
\ntwitter.com\/gweninvestor\/s\u00e2\u20ac\u00a6<\/a> pic.twitter.com\/FXE45jZs7K<\/a><\/p>\n<\/div>\n

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<\/span><\/td>\nMichael Arrington (@arrington<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 1:27 AM<\/font><\/a><\/div>\n
It\u00e2\u20ac\u2122s like a parody of stupidity. It can\u00e2\u20ac\u2122t be real.<\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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4\/25\/20, 2:57 PM<\/font><\/a><\/div>\n
Adjustments!<\/p>\n
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<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@MattHaneySF\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> I like the mask!<\/p>\n

First half score was Stanford Law 0; Stanford Econ 101<\/p>\n

Second half, am looking forward to your in game adjustments. pic.twitter.com\/lg5ZRgFCvK<\/a><\/p>\n<\/div>\n

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Sales, entrepreneurship and reading people is <\/span>#WTDTYASBS<\/a> <\/font><\/span><\/div>\n
https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span><\/span><\/div>\n
What They Don\u00e2\u20ac\u2122t Teach You at Stanford Business School<\/span><\/span><\/span><\/p>\n
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\n<\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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.  \u00e2\u20ac\u0153I predicted this […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82],"tags":[],"class_list":["post-13149","post","type-post","status-publish","format-standard","hentry","category-deeply-understood-chinese-knowledge"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=13149"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}