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Is output restriction fundamentally good or bad for economic stability?
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Is output restriction fundamentally good or bad for economic stability?

You can’t have it both ways.

You can’t say it’s criminal when one sector does it, and sound policy when another does it—unless you’re willing to admit the distinction is political, not economic.

This is the same logic behind OPEC cutting oil production.
Or farm subsidies that pay farmers not to plant crops.
Or the government cheese stockpiles of the 1980s.

Restrict supply.
Support price…

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