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> Cost of living can only go up if people are willing to pay more. , is the worst economic take i've heard in a while and I read the FT. CoL is primarily drive

> Cost of living can only go up if people are willing to pay more. , is the worst economic take i've heard in a while and I read the FT. CoL is primarily driven by supply and demand, not willingness to pay, not to mention inflation, supply chain issues, inelastcity... Fake diamonds are for vegans.

9rx 1y ago
> CoL is primarily driven by supply and demand, not willingness to pay Right. Supply and demand. Not supply alone. And demand is characterized by the willingness to pay. > not to mention inflation, supply chain issues, inelastcity... These are already encompassed in supply and demand. Why mention them twice? >[...] is the worst economic take i've heard in a while Maybe so, but given that, it is curious that, in the end, you decided to repeat the exact same thing in your own words. A "worst take" is usually taken to mean that you see things differently, not see things exactly the same.