The goal of regulation is to stop the race of the bottom at some point. | Hacker News

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		yoz-y on Aug 20, 2020 \| parent \| context \| favorite \| on: Uber and Lyft shutdown in California averted as ju... The goal of regulation is to stop the race of the bottom at some point.

ReaLNero on Aug 20, 2020 [–]

Is it? By regulating, you'll just create an artificial shortage.

This is microeconomics 101.

If you have a competitive equilibrium, you can't improve the situation for consumers and producers by just regulating prices.

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