This is how dumb his audience is. It boggles the mind to think that this supposed billionaire playboy convicted rapist who begs for money is someone they can connect with. Trump has probably never shopped for groceries or filled up a tank of gas but he understands the plight of his base supposedly.
Doomsider
joined 1 year ago
Ever notice the sign looks like a dick? Now we know where that horsey sauce comes from.
It is like a jet plane passing overhead with you isn't it? Not even disagreeing with you just pointed out your simple explanation is right only if you set the price too low. Then I mentioned competition is the best way to handle it which you restated like you were correcting an imaginary straw man. Needless to say your basic econ lesson breaks down whenever the price fails to be elastic which happens quite often.
You must be an asspie or something I guess.
If you are starving then the price of wheat is not very elastic, but do carry on. Whatever is clever.
Basic economics says this only happens when the cap is set to low but it is entirely possible to adjust accordingly as seen in systems like universal healthcare. Thanks for the sophomoric understanding though it really added to the conversation /s
Price caps set to low cause this. Luckily we have a lot of data available nowadays and with AI a more managed economy should be a no brainer. Pretending reigning in price gouging will cause shortages is disingenuous. Although the best way to handle this would be to increase competition.
That one trick NASA does not want you to know about.