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> > We know that "profits go up, prices go down" is too simplistic and/or flawed of a model to talk about the real world because it's not accurately predicting
by danShumway 6y ago
> > We know that "profits go up, prices go down" is too simplistic and/or flawed of a model to talk about the real world because it's not accurately predicting what companies do in the real world.
> Yeah we do. [...] So when you insist on a gross misreading of my theory
Literally two comments earlier:
> This is true and still misses the point that an increase in the cost of inputs results in an increase in costs, resulting in an increase in price.
I'm not the person here arguing that changes in input costs and prices are universally linearly coupled to each other.
- chordalkeyboard 6y ago> ceteris paribus > universally linearly coupled to each other. Yeah, neither am I.