Politics

First of all, basic econ tells us that if you raise prices you will lose demand at least some, so every increment from standard you go you lose audience and revenue. There is always a sweet spot.
Another thing your government was lying about.

Lefties, tell me again why it is better to have a large government bureacracy??

And the hits just KEEP on coming.

https://www.frbsf.org/research-and-insi ... inflation/

Vercingetorix wrote: ↑May 13th, 2024, 7:48 pm First of all, basic econ tells us that if you raise prices you will lose demand at least some, so every increment from standard you go you lose audience and revenue. There is always a sweet spot.
Another thing your government was lying about.

Lefties, tell me again why it is better to have a large government bureacracy??

And the hits just KEEP on coming.

https://www.frbsf.org/research-and-insi ... inflation/

Puddin has stated recently that inflation is pure corporate greed. He is an idiot.

oflguy wrote: ↑May 13th, 2024, 8:07 pm Puddin has stated recently that inflation is pure corporate greed. He is an idiot.

He just proved that he is as ignorant as Nero concerning econ.

Inelastic goods are typically commodities which demand doesn't change regardless of price.

Eggs were one inelastic product that was most effected by recent inflation....I don't think egg producers are particularly greedy.

Because eggs are less affected by price changes, demand remains high even when they kill millions of hens.

Flour increased by like 40%...but this is because it is a processed product and the inputs are multiplied. The cost of harvest and transport to a mill....then packaging then distribution. All processed foods are similar in this bonus multiplier costs.

The problem with so many of our lefty dipshits is they think Math and Econ are magic tricks. The outcome would somehow be different if we just had a different asshole screaming Laatu, Barada, Nikto

The greedflation narrative is not intended for an audience that understands econ. Exactly the opposite. It's meant for people who don't understand even basic econ. Remember, profit is always money that is stolen from someone else so the government has every right to steal it via taxation.

FOIA wrote: ↑May 14th, 2024, 2:47 am The greedflation narrative is not intended for an audience that understands econ. Exactly the opposite. It's meant for people who don't understand even basic econ. Remember, profit is always money that is stolen from someone else so the government has every right to steal it via taxation.

That is about right...for those with a semblance of logic they tell them that taxes pay for government services. But they have added so many services that taxation can't pay for all of them
.