> CoL is primarily driven by supply and demand, not willingness to pay
Right. Supply and demand. Not supply alone. And demand is characterized by the willingness to pay.
> not to mention inflation, supply chain issues, inelastcity...
These are already encompassed in supply and demand. Why mention them twice?
>[...] is the worst economic take i've heard in a while
Maybe so, but given that, it is curious that, in the end, you decided to repeat the exact same thing in your own words. A "worst take" is usually taken to mean that you see things differently, not see things exactly the same.
Right. Supply and demand. Not supply alone. And demand is characterized by the willingness to pay.
> not to mention inflation, supply chain issues, inelastcity...
These are already encompassed in supply and demand. Why mention them twice?
>[...] is the worst economic take i've heard in a while
Maybe so, but given that, it is curious that, in the end, you decided to repeat the exact same thing in your own words. A "worst take" is usually taken to mean that you see things differently, not see things exactly the same.