[Ensorceled]

> Most people don't buy pasta when rice is expensive.

They would if rice prices went through the roof, which they won't because people who sell rice are not stupid.

Econ 101 certainly explains why you can actually buy gluten free products now (supply for demand) and why gluten free products are usually more expensive (niche market).

My ECON 101 prof talked about the limitations of models and theories based on assumption of rational actors in the 1980s ... I have no idea why everyone thinks this is a gotcha.

[graphe]

No, they're geniuses because they're subsidized and will always be profitable. They lowered prices by taking it from your taxes.

Throw in subsidies like how Clinton ruined Jamaican rice with protectionism and your supply demand and price are no longer rational. https://www.texasgateway.org/resource/201-protectionism-indi...

Econ 101 ignores subsidies which account for 100% of the big 3 crops and more like rice, and ignores any form of economics.

[Ensorceled]

I don’t know where you took Econ 101 but mine definitely covered how things like subsidies and protectionism perversely impact market forces. You’re just blaming economists for bad policies at this point.