I’m no economist, but it’s interesting how a free market and more competition doesn’t result in a better product for consumers. Just each company going “oh, the other guy raised their prices, let’s do the same or we’ll fall behind”
It’s crazy how consumers just keep eating the higher prices too, instead of rebelling by cutting their spending. I’ve been wondering if people are just charging everything and we’re going to hit a major recession when everyone runs out of credit. I sure hope not! I’ve already gone through too many “once in a lifetime” economic events.
I’m no economist, but it’s interesting how a free market and more competition doesn’t result in a better product for consumers. Just each company going “oh, the other guy raised their prices, let’s do the same or we’ll fall behind”
It’s crazy how consumers just keep eating the higher prices too, instead of rebelling by cutting their spending. I’ve been wondering if people are just charging everything and we’re going to hit a major recession when everyone runs out of credit. I sure hope not! I’ve already gone through too many “once in a lifetime” economic events.