4 ms·
I'm not a fan of protectionism either, but that particular example is not true at all. Lumber prices rose because at the start of the pandemic, the industry pr
by bityard 2y ago
I'm not a fan of protectionism either, but that particular example is not true at all.
Lumber prices rose because at the start of the pandemic, the industry predicted a housing crash and took drastic steps to downsize and then the exact opposite happened. And we were left with a garden-variety supply vs demand situation.
If it was just protectionism, prices in Canada would not have had sharply increased lumber prices at the exact same time: https://www.cbc.ca/news/business/lumber-prices-covid-19-cost-of-housing-1.5973416 https://www.cbc.ca/news/business/lumber-prices-covid-19-cost...