The cheapest thing that qualifies is usually the worst value
When a rule sets a price floor, the item priced exactly at the floor is the one most likely to be overpriced. A pricing distortion most buyers never see, and what it costs them.
Investment migration
2 pieces on this.
Everyone inside a market is paid by it
The person best placed to explain a market is rarely the one who grew up in it. Why an outsider who has committed is worth more than an insider who has not.