4 ms·

So people (other people, of course) intentionally paying too much for their food is what's causing 9,5% year-over-year[0] inflation? I wish I had a witty comeb

by irdc 4y ago

So people (other people, of course) intentionally paying too much for their food is what's causing 9,5% year-over-year[0] inflation? I wish I had a witty comeback but I'm honestly just stunned... 0. https://www.bls.gov/cpi/ https://www.bls.gov/cpi/

xwdv 4y ago
The problem is a bit like climate change. If everyone is paying these prices, the prices will just keep going up. People just have to stop, but they won’t. You can think of markets as pricing engines, and prices will rise up to what the market can bear. Pretty simple.
- irdc 4y ago
  That's only true for elastic demand.