What an amazing headline this morning over in Vox’s timeline:
https://twitter.com/voxdotcom/status/981852731274158085
And by amazing we mean “economically ignorant”:
What an economically ignorant headline. https://t.co/LNsrHdiRGz
— Jonathan H. Adler (@jadler1969) April 5, 2018
As everyone knows:
Restricting supply…IS ALSO A COST TO CONSUMERS.
Someone didn't take economics in college, did they? https://t.co/oPVH5TcpgP
— Pradheep J. Shanker, M.D., M.S. (@Neoavatara) April 5, 2018
Restricting supply also means…costs to consumers.
Y’all need to take Economics 101. https://t.co/7TUmIYP9nf
— Amy Curtis (@RantyAmyCurtis) April 5, 2018
Maybe the headline writer missed the first day of Economics 101 when this was covered?
Here's today's installment of Economics vs Vox. https://t.co/d1zRTnUNXX
— meh-lancholy (@RightAllTheTime) April 5, 2018
Breaking: no one at Vox took an economics class https://t.co/Q1ZbjrSGoW
— Ryne (@R3aLMcCoY) April 5, 2018
Or maybe this is some new headline design to get click?
It's almost like "come see our economic illiteracy" is the clickbait angle. https://t.co/YNIJbTUNGK
— Holden (@Holden114) April 5, 2018
Anyway, the argument once you click past the headline — summed up in this tweet — doesn’t get much better: The consumer ALWAYS gets hit:
Recommended
https://twitter.com/kathoh/status/981871082885013505
This would eventually switch consumers to green energy:
Green energy is so popular, cost efficient, and moral! that we must cut off your access to fossil fuels to make you buy it. https://t.co/8fCD9bmOT4
— David Harsanyi (@davidharsanyi) April 5, 2018
Which costs more:
I feel like restricting supply is gonna increase costs *more* https://t.co/dMRi26ford
— Noah Smith (@Noahpinion) April 5, 2018
And we know how this all ends:
https://twitter.com/GlomarNeverDies/status/981864722197819392
Central planning always works well. https://t.co/29B344tFgg
— Andrew Stuttaford (@AStuttaford) April 5, 2018
Welcome to Voxlandia!
People like this should be given their own small country to run just because its rapid death spiral would be hilarious. https://t.co/rAtEo1So0Q
— Doug Powers (@ThePowersThatBe) April 5, 2018
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