I think this tweet is the opposite of “economic literacy” and/or “EA mindset”. It poses a link between regulation and increasing prices without giving any justifications, weighing alternatives, thinking about any counterfactual, etc.
TL;DR: Yeah, this tweet doesn’t in itself explain everything.
It’s better, for example, to show a suggested regulation (like with butter imports in Israel), and say what’s expected to happen if it passes, and then if it passes—to reference the previous post and say “yeah this isn’t surprising”
I think this tweet is the opposite of “economic literacy” and/or “EA mindset”. It poses a link between regulation and increasing prices without giving any justifications, weighing alternatives, thinking about any counterfactual, etc.
TL;DR: Yeah, this tweet doesn’t in itself explain everything.
It’s better, for example, to show a suggested regulation (like with butter imports in Israel), and say what’s expected to happen if it passes, and then if it passes—to reference the previous post and say “yeah this isn’t surprising”
Do that 1000 times and a pattern emerges