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Well I intended the word "managed," to connote some level of oversight or coordination. Government policies and regulations are part of the economic landscape. It does carry a bit of ambiguity. I don't believe the government manages the economy, that is mostly autonomous and it matters quite...

I guess if I were just hungry enough I'd have become as rich as you will be some day Spy.

@Tsing Tao My aunt just passed so I have a lot of arrangements. I have no reason to believe from what I have seen, that the suggested federal "price controls" are not to be targeted, addressing specific abuses without stifling the entire industry. The hyperbole is a Venezuela collapse, thats...

In any functioning economy, production and distribution are intertwined. Who built the cart to put it before the horse? Production and distribution are part of a feedback loop. Distribution supports production, and production generates the wealth that can be further distributed. Ignoring this...

Well I was going to do an a summary to tidy up. Operating off a phone only is trickier for me. Alright, progress. For the record Piezoe is smarter than I am, better writing, by a good margin. I need my laptop to reply, I'm at a nursing home out in the countryside most of the day.

I'd bet you remember who Butkus is now.

Well it was 23:50. Jury finds Senate candidate’s family-owned company price gouged eggs By: Whitney Downard - November 22, 2023 https://indianacapitalchronicle.com/briefs/jury-finds-senate-candidates-family-owned-company-price-gouged-eggs/ According to court filings, the business competitors...

So.. The industry counter argument attempts to frame the profit increases as a result of necessary business adjustments rather than as instances of price gouging or exploitation. Also that they are required to take the best profits they can for their shareholders, within the law. In the case...

A quick note for my memory: Kraft-Heinz: increased its profits by an astounding 448% in 2022. Cal-Maine: The largest egg producer in the United States, Cal-Maine, saw its profits skyrocket by 718%. These examples illustrate the significant profit increases that some large food companies have...

I figured move this across here from the Harris 2025 thread to reduce fragmentation. Ok, so you are saying that price gouging exists, even in the food industry. (check) The overall food industry, from farmers to grocery stores, operates on thin profit margins. And these thin margins compel...

It seemed like bad idea when I started the thread TBQH :)

Sorry, I thought "Boogymonster" was clear.

Ok, I am sure I can find exhibits, it happens that today I am preoccupied. I will show your effort at real dialogue due respect.

Its a curse and a gift ;) There are definately times when we get each other's jaded and absurd takes. And we do like similar movies. ET and all the negativity certainly wasn't helping me but truly, I got dark since 2020, some of that was unavoidable with supporting Ukraine and by proxy of my...

@Tsing Tao a quick in-line reply for now. Just to be annoying. I'm so brilliant, no one ever understands me." Right. No. Lots of people understand me here on ET. Except for the very occasional time when I made a rubbish reply. And yet, the lion tries, and everyone just goes "sounds like...

My generally absurdist perspective leads to observations that might go over heads. Others who are more mentally and morally attuned consistently grasp the connection. As said philosopher Ludwig Wittgenstein:"If a lion could speak, we could not understand him." This quote suggests that even if...

Curt Jaimungal has an interesting video on YouTube today. I'm prepared for the almost inevitable debunking but it looks promising. The correction she (Claudia de Rham) makes to general relativity is to give the graviton a very tiny mass of the order of 1e-33 eV rather than zero. The energy...

I should say that I also wanted to just tell Tony Stark who we know had Covid as well, that long Covid is very, very real, should that help him in any way.

The concept of price gouging can also be applied more broadly to situations where companies exploit economic conditions, like inflation, to increase their profits beyond what is necessary to cover rising costs. In this context, companies may use inflation as a justification to hike prices more...

It's important to recognize that inflation is driven by multiple factors. Supply chain disruptions, labor costs, demand surges, and yes, sometimes corporate pricing strategies. While inflation has been dropping in 2024, there are still certain sectors, like some staple foods where prices and...