Does the Senator from Ohio not have a single resource he could call regarding egg pricing before he shoots himself in the foot again? Does he not know that all food prices are subject to seasonable variability and transportation cost variability?
No one on his staff checks these things before he mouths off about things he so obviously knows zilch about? Staff and security go to a lot of trouble setting the stage for his public prat falls, but NOBODY looks into facts first? If that exemplifies his recruitment and hiring standards, he shouldn’t be responsible for running a lemon-aid stand on a residential Ohio street.
I hope Thiel and his posse see how much shade Vance gets and, since they all behave pretty much the same way in each others’ company, realize what utter asshats they all are.
But back in the real world where those people have zero self-awareness, I hope he’s at least mad about the wasted money.
Even in that model, prices are set by supply and demand at equilibrium. The next question would reasonably be how often real prices are at equilibrium, since in dynamic systems they don’t have to be. Maybe there’s something in the actual literature but I don’t think I’ve ever seen it considered in an actual discussion.
Probably quite a lot of that. The price locally in Canada is currently $4/dozen, but we use marketing board production controls for boom/bust swing stuff like dairy and eggs, rather than subsidies.
Egg prices where I live went up when the state required egg producers to provide humane conditions to chickens. So sure, used to be you could get factory-farmed eggs at the dollar store, now we pay $2.99 and up (nationwide the average is $3 anyway), and I’m fine with that. Prices also went up when bird flu hit in 2023 and lots of birds had to be culled. Neither of these reasons have anything to do with policies unique to the Biden administration.
Maybe someone should point out to JD that he’s really just making a critique of basic capitalist market economics. Fucking commie.
Reminds me of the whacked-out egg economy in Belle’s village in Beauty and the Beast.
A working-class woman reveals in song that she needs six eggs, but is told “that’s too expensive.” Then shortly afterward we learn that Gaston alone eats five dozen eggs each morning, which is why he is roughly the size of a barge.
I’d tell him that his insatiable egg-lust was pricing everyone else out of the market but it’s hard to argue with a guy who can keep singing as multiple eggs are going down his throat.
Socialism is bad and evil, but also the federal government should do something about prices being too high, but also, price controls? What is this, Mao’s China? But also don’t interfere with the two largest supermarket companies in the country merging to create a super-duper supermarket monopoly …
The free market capitalist equivalent of price controls is cartels.
It’s always fun to watch the Ayn-caps tie themselves in knots trying to justify how cartels are good, actually, and they are absolutely not coercive and authoritarian like the government.
