prices go up?
Why.
Help.
Why is government printing more money and giving it to me a bad thing. I need it to live.
I’d like both the econ101 (fake, lib, propaganda) and the marxist (real, truth, based) answer pls.
My favourite thing about opec is they’ll have a production quota X and they’ll produce some Y which is acrually below the quota X, then they’ll decrease their quota Z, which is less than X but still more than they produced. Somehow the markets respond by increasing prices even though the supply uasn’t decreased and there isn’t even a potential for a decrease based on the new information. Very rational system.
