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> For example the price of wheat is not just what people are willing to pay for it - it is also the cost of producing it. You can not go artificially low with t
by anamax 15y ago
> For example the price of wheat is not just what people are willing to pay for it - it is also the cost of producing it. You can not go artificially low with the price. Just to provide an example that is not so obviously affected by politics.
Food prices are an example that is infested with politics.
The US spends a lot of money "supporting" various food prices, including wheat. Some other countries spend resources on depressing prices by means which reliably result in shortages.
- Tichy 15y agoI am aware of that. But there are also physical realities in food production. What is the point of your nitpicking?
- anamax 15y ago> But there are also physical realities in food production. There are physical realities in producing pretty much everything. > What is the point of your nitpicking? I'm pointing out that food is among the worst possible examples for whatever your point is. (I'm assuming that you've got more than "must charge more than cost of production".)
- Tichy 15y agoNo I meant must charge more than cost of production.