The 9T for 100L "bargain"

[Petronilla Whitfield]

Price regulation? Well, okay, let’s discuss it. So far the only type of regulation mentioned has been to protect the sellers by setting minimum prices below which no one may sell.

What about consumer protection? If minimum prices are set to protect producers, surely it would only be fair to set maximum prices to protect consumers from price gauging? Fair regulation would establish both a minimum and a maximum price per trait.

Setting minimum prices would make sure that no one gets under-sold, protecting, as the argument here seems to be, producers from losing money in paying the costs of feeding and breeding kitties. Maximum pricing would prevent people who randomly get a new trait, or a mega-puss, or some such kitty, from selling it at inflated prices, taking unfair advantage of random luck.

Price regulation that consists only of an agreement among produces to fix prices is called a cartel. If the object of regulation is to protect the kitty-cat market, who would argue in favor of a cartel? If price regulation is desirable, surely it should protect all parties?