Hacker News Reader

Under developed argument. It gets to the interesting claim:

>> Though there may be examples of opportunistic or anti-competitive behaviour, the effects are unlikely to have been material.

Then completely fails to substantiate.

Wasn’t worth the click.

View on HN

Yeah, I would have been interested in this alternative hypothesis if it had any evidence behind it. Just a lot of "trust me bro" statements which don't cut it when peoples lives/livelihoods are in the mix.

The claim is that "the alternative to letting the price mechanism bring supply and demand into line is to rely on something worse, such as rationing or queues."

The way the system works is we assume a profit-maximization motive by actors, and nothing about that changed before or during the inflation, so it's obvious that something else is going on (i.e. fiscal stimulus during supply chain disruptions).

Reply on news.ycombinator.com