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The market should converge at the point where the supply and demand curves intersect. The only goods that we'd expect to see a change in price are those where s
by dannypgh 7y ago
The market should converge at the point where the supply and demand curves intersect. The only goods that we'd expect to see a change in price are those where suddenly there was more demand. It's hard to imagine this for products like rice.
Trade is a thing, too. The local price of rice can't go up to $50/lb if you can import it for far less.
There's a lot of scary speculation going around about UBI right now. It does not seem likely that the sky will fall.