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People are saying this like they just walked out of an econ 101 class. It's expensive to tool up your production line for extra production when you'll just hav
by jbay808 7y ago
People are saying this like they just walked out of an econ 101 class.
It's expensive to tool up your production line for extra production when you'll just have to shut it down again a few weeks later as the surplus makes its way through the system. Why would a toilet paper plant operator do that? They know that average consumption of toilet paper hasn't increased whatsoever.
- eigenvector 7y agoEvidently people would rather ramp up entire supply chains of toilet paper (which include, let's remember, actual people cutting down actual trees and involve capital-intensive facilities like pulp mills that take years to build) than admit that there's a market failure and punish the handful of bad actors who are hoarding.
- anigbrowl 7y agoI had this argument with a lot of people last week. People learn the basic concept of supply and demand and suddenly think they're economists, which is like learning to write a loop and thinking you're a developer.