Quote:
Originally Posted by Ben Franklin
Have to laugh when capitalism dictates prices, through supply and demand, and some people want to blame politics. Here's an elementary lesson. Last year we were in lockdown, basically, and not much business was being conducted ohr than on-line. Low demand, low prices. Housing starts Jan-Apr 2021 is roughly 32% higher in 2021 as opposed to 2020.
One national builder out of AZ is quoted as saying, "new orders of 283 as compared to 132 in the 2020 first quarter, a 114% increase.
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Supply and demand works very well when both sides are on an even playing field. But when the field becomes lopsided as in a monopoly a few have too much power and can manipulate either supply or demand.
Pay attention near video end of who gets hurt the worse by inflation.
Wolff Responds: Why We Have Inflation Now - YouTube