There is a narrative out there that when prices are high, we can happily resolve the issue by producing more. After all, inflation occurs when too much money is chasing too few goods. So increasing supply is an intuitive solution. But it’s largely incorrect.
Demand Must Be Destroyed
Demand Must Be Destroyed
Demand Must Be Destroyed
There is a narrative out there that when prices are high, we can happily resolve the issue by producing more. After all, inflation occurs when too much money is chasing too few goods. So increasing supply is an intuitive solution. But it’s largely incorrect.