Permanently Deleted
This will make prices go down, right? Scarcity helps with inflation? Since we put a wall street guy in charge of the pandemic, I assume they are letting it spread to drive down inflation. 🙃
Shortages drive prices up until enough people are priced out that those with money can buy as much as they want.
By the way, supply and demand curves aren’t real. It’s been mathematically proven for more than 40 years that the excess demand curve, which economists still believe always curves down, can curve back up and down again as price increases, which means there are possibly many price-quantity equilibria.
It’s been mathematically proven for more than 40 years that the excess demand curve, which economists still believe always curves down, can curve back up and down again as price increases, which means there are possibly many price-quantity equilibria.
Sonnenschein-Mantel-Debreu theorem?