That only applies to things that you can choose to buy or not buy. The prices of things that have skyrocketed are the basics, which most people can’t really do without for too long. Seems like that’s the bet all these monopolies have made.
I am describing the (terrible) microeconomics 101 supply/demand curve that the WaPo business section are contradicting by saying prices going up is good. I am not one of those trad economist nuts. I am just pointing out that they aren’t consistent with their own beliefs.
That only applies to things that you can choose to buy or not buy. The prices of things that have skyrocketed are the basics, which most people can’t really do without for too long. Seems like that’s the bet all these monopolies have made.
I am describing the (terrible) microeconomics 101 supply/demand curve that the WaPo business section are contradicting by saying prices going up is good. I am not one of those trad economist nuts. I am just pointing out that they aren’t consistent with their own beliefs.