this post was submitted on 23 Jul 2024
484 points (79.9% liked)
Memes
45729 readers
723 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
markets don't follow natural law like biology does.
i think you need to look up how supply and demand works. i've exhausted my "arguing with people on the internet who clearly don't want their minds changed" time for today, so have a good one.
i'm intimately aware of the price discovery theory you've mentioned, but it does not have any real predictive power, and it makes no claims about how production levels are impacted by markets.