I did explain myself. Most people have no clue what they're talking about when it comes to economics.
The TC's picture for example actually isn't necessarily wrong but it is entirely incomplete. Higher gas prices could actually be indication of a recovering or growing economy but it doesn't have to be indication of that. The reasons why gas prices are on the rise could be a number of factors. In essence it comes down to basic supply/demand but without analyzing both of these in depth, it's impossible to conclude much about politics regarding gas prices. Trump supporters are just as guilty as making incomplete assessments as this person in the pic is.
Rarely does anyone actually seem to understand economics. It's not most people's fault. I don't pretend to know programming when I don't and that ought to be most people's stance on economics. The rich elite pay people who do understand economics to find ways to benefit them without the average person realizing that is what's going on.
This is a direct result of a negative supply shock when Biden declared war on the pipeline and other forms of energy. Additionally, this is going to cause cost-push inflation. This in and of itself is not inflation but a market reaction. Inflation will come when producers produce less, raising prices or choose to pass along the inflated fuel prices. This is government intervention into a market leading to lost consumer surplus and deadweight loss.
Are you being sarcastic? The experts in power know EXACTLY what they're doing but they aren't working for you.
Well since you just called most of us retarded, you’re the one that needs to explain themselves.
I did explain myself. Most people have no clue what they're talking about when it comes to economics.
The TC's picture for example actually isn't necessarily wrong but it is entirely incomplete. Higher gas prices could actually be indication of a recovering or growing economy but it doesn't have to be indication of that. The reasons why gas prices are on the rise could be a number of factors. In essence it comes down to basic supply/demand but without analyzing both of these in depth, it's impossible to conclude much about politics regarding gas prices. Trump supporters are just as guilty as making incomplete assessments as this person in the pic is.
Rarely does anyone actually seem to understand economics. It's not most people's fault. I don't pretend to know programming when I don't and that ought to be most people's stance on economics. The rich elite pay people who do understand economics to find ways to benefit them without the average person realizing that is what's going on.
This is a direct result of a negative supply shock when Biden declared war on the pipeline and other forms of energy. Additionally, this is going to cause cost-push inflation. This in and of itself is not inflation but a market reaction. Inflation will come when producers produce less, raising prices or choose to pass along the inflated fuel prices. This is government intervention into a market leading to lost consumer surplus and deadweight loss.