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by jxntb73
332 days ago
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> 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. |
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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.