| ▲ | jxntb73 5 days ago | |
> Cost of living can only go up if people are willing to pay more. , is the worst economic take i've heard in a while and I read the FT. CoL is primarily driven by supply and demand, not willingness to pay, not to mention inflation, supply chain issues, inelastcity... Fake diamonds are for vegans. | ||
| ▲ | 9rx 4 days ago | parent [-] | |
> CoL is primarily driven by supply and demand, not willingness to pay Right. Supply and demand. Not supply alone. And demand is characterized by the willingness to pay. > not to mention inflation, supply chain issues, inelastcity... These are already encompassed in supply and demand. Why mention them twice? >[...] is the worst economic take i've heard in a while Maybe so, but given that, it is curious that, in the end, you decided to repeat the exact same thing in your own words. A "worst take" is usually taken to mean that you see things differently, not see things exactly the same. | ||