dwalt75 comments on Rationality Quotes February 2012 - Less Wrong

5 [deleted] 01 February 2012 09:03PM

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Comment author: dwalt75 12 February 2012 05:00:28PM 2 points [-]

It will allow people that were willing to pay the market price actually buy the tickets. If there is sufficient demand then maybe a Burning Man 2 festival makes economic sense, or increasing the supply of tickets for Burning Man itself.

We live in a world of limited resources not of good wishes. Good wishes lead to dead weight losses. I don't see a possible scenario where price control is a good idea - LAW of supply and demand.

If there is some societal interest that the market fails to protect here (is Burning Man a fundamental right applicable to a certain type of person?) If so, then we should have a BMPA (like the EPA) formed to regulate the event.

Intellectual freedom cannot exist without political freedom; political freedom cannot exist without economic freedom; a free mind and a free market are corollaries. - Ayn Rand

Comment author: Larks 12 February 2012 09:24:14PM 1 point [-]

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