That’s the end of my Econ lesson for today. Unfortunately think it’s not sticking
Discussion
Who is going to produce things without a reasonable profit margin?
NOT ONE PERSON will ever do that
People will do it with a gun to their head.. which is why this kind of thought process is extremely dangerous. You get to a point where people don’t want to work because there’s no point so the government needs to force labor on to you. Happened in China, Soviet Union, all the way back to Mesopotamia this shit has been happening and people like sunshine who don’t study history keeps repeating it
“Let’s produce more than demand calls for, that will definitely keep us in business!” Said the failed business owner
Or those with subsidies that then get paid to dump milk on fields lol fucking fiat
A business that is not profitable will soon be departed from its capital which will find itself in the hands of someone who is better suited to use that capital. Simple as that, in a free market anyway
Exactly that’s just another type of price control that leads to surplus
He’s arguing from a Fiat mindset. Read Jeff Booth, The Price of Tomorrow.
Fiat ruins everything and creates thinking & arguments that only seem logical because the world we all grew up in has been so fucking broken by bad money.
Fix the money, fix the world is the truth & then things become naturally deflationary, without the need for any human “price controls” intervention.
