alt Hacker NewsNot only that, the companies used the tariff excuse to raise prices which will not come back down even if tariffs are fully off the table. Just like the price inflation during COVID.
Replies
joshlemer • yesterday at 3:37 PM
Prices don’t monotonically go up forever, prices come down all the time
Edit: Sorry autocorrect thought I said moronically,
➕ show 5 replies
This is what the government should really look into. Are prices being held at inflated levels to sustain profits? And if so why is capitalism not working? Why are competing companies not undercutting each other to bring them back down?
Can we have small watchdog programs that deeply study market conditions for critical resources (like peanut butter/eggs/milk/bread/etc.) and produce detailed data on why prices are what they are and what they estimate prices should be? It would be fascinating to see like detailed breakdowns and raw profit margins on different goods instantly.