udevnull on Nostr: People who want price controls don’t understand the underlying issue. The ...
People who want price controls don’t understand the underlying issue. The underlying issue can seem complicated though so it’s easier to just stick with a narrative you can understand.
quoting note1sgp…0pcvI posted a bunch of evidence on Twitter for how 1) grocery stores have razor thin margins, 2) food producer margins are more average but haven't changed in two decades, 3) of course farmers aren't the ones getting rich so 4) no, the food companies are not gouging you on prices.
It's monetary inflation. Grocery stores and food producers are trying to keep up.
Most people agree due to the inherent audience selection, but the tweets kind of went viral and reached a broader political audience, so a bunch of people came in like, "How come they can put chips on sale for 50% sometimes!?!? Checkmate Alden." (it's because they don't understand fixed costs vs cost-of-goods sold) or "How do you know any of the filings are real? What if they're literally all just lying on their audited SEC filings?"
Post-truth, some of people are. The grasping for price controls is the short-time public and political instinct that ultimately makes things worse, every time.
