As long as you don't think about it too deeply
by ufl (2024-03-25 12:14:58)
Edited on 2024-03-25 13:35:35

In reply to: At first glance, no, but if you think about it,  posted by G.K.Chesterton

Cannot Reply Return to Political

The incentive to increase long run capacity depends on producers' expectations of the future price (as opposed to the current price). The notion that those expectations respond to factors which are, by their nature, temporary is hard to accept as a portion of the "much" which Biden has supposedly done to restrict supply.

You might want to focus on his demand policies if you want a serious analysis.

Replies: