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That's such a simplistic view of economics, as to not bear the slightest examination. E.g. the free market depends entirely upon the amount of money people hav
by JoeAltmaier 5y ago
That's such a simplistic view of economics, as to not bear the slightest examination.
E.g. the free market depends entirely upon the amount of money people have? And nothing to do with supply/demand and the elasticity of the market? In a more nuanced view demand creates supply, efficiencies of scale reduce cost, and everything is cheaper.
Folks love to throw out the "More money means prices go up!" as if it's a truism.
- AnIdiotOnTheNet 5y agoMost people, at least on this site, seem to have a severe Dunning-Kruger effect going on when it comes to economics. It's like they took Econ 101 and didn't realize it's an intro course with simplified models.