skews13
Diamond Member
- Mar 18, 2017
- 9,960
- 12,804
The WP editorial board issued an opinion piece that describes MVP Harris’ economic plan as being full of populist gimmicks. They then make the clearly false statement that “price gouging is not causing inflation”.
www.washingtonpost.com/…
The MSM has been full of these lies for the last few days, including a NYT article that quotes a bunch of economists providing simplistic “supply and demand” boilerplate before launching into their criticisms (the comments section is even worse, as it is flooded with economics 101 “free market magic” comments that then veer into fear mongering about centrally planned economies.
The articles disputing the impact of price gauging fail on simple math
It is true that prices spiked due to supply issues during the height of covid, but corporate profit margins increased and overall profits increased. Therefore, they sold a lower volume at a mark-up level that more than made up for the decrease in volume.
When the supply-chain issues were resolved (with massive public investment), prices did not go down. This would not be the dreaded “deflation” but an expected price correction that would happen naturally in a free market… Evidence that there was no competitive pressure to reduce prices (monopoly control and/or collusion)
After the resolution of the supply issues, prices continued to rise.
The evidence is clear. There has been excessive consolidation in the retail sector and price gouging has been a major driver of inflation over the last several years. Fighting these monopoly practices is a way to restore free-market balance. It is no gimmick.
www.washingtonpost.com/…
The MSM has been full of these lies for the last few days, including a NYT article that quotes a bunch of economists providing simplistic “supply and demand” boilerplate before launching into their criticisms (the comments section is even worse, as it is flooded with economics 101 “free market magic” comments that then veer into fear mongering about centrally planned economies.
The articles disputing the impact of price gauging fail on simple math
It is true that prices spiked due to supply issues during the height of covid, but corporate profit margins increased and overall profits increased. Therefore, they sold a lower volume at a mark-up level that more than made up for the decrease in volume.
When the supply-chain issues were resolved (with massive public investment), prices did not go down. This would not be the dreaded “deflation” but an expected price correction that would happen naturally in a free market… Evidence that there was no competitive pressure to reduce prices (monopoly control and/or collusion)
After the resolution of the supply issues, prices continued to rise.
The evidence is clear. There has been excessive consolidation in the retail sector and price gouging has been a major driver of inflation over the last several years. Fighting these monopoly practices is a way to restore free-market balance. It is no gimmick.
Surprise Surprise, Bezos's paper is worried about controls on Price Gouging
The WP editorial board issued an opinion piece that describes MVP Harris’ economic plan as being full of populist gimmicks. They then make the clearly false statement that “price gouging is not causing inflation”. www.washingtonpost.com/… The MSM has...
www.dailykos.com
