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the theory is if there is ( sufficient ) demand , supply will follow , however some theories are never 100% reliable
and of course in totalitarian governments , things rarely flow smoothly
the theory is if there is ( sufficient ) demand , supply will follow , however some theories are never 100% reliableAssuming there is sufficient competition of course.
Not necessarily the case.
Who wants totalitarianism, but the free market seems to have failed in certain areas recently.the theory is if there is ( sufficient ) demand , supply will follow , however some theories are never 100% reliable
and of course in totalitarian governments , things rarely flow smoothly
Who wants totalitarianism, but the free market seems to have failed in certain areas recently.
we could debate 'free'Who wants totalitarianism, but the free market seems to have failed in certain areas recently.
The markets are not free. There is no true price discovery without extraneous regulatory influences any more. Everything is manipulated in some way.Who wants totalitarianism, but the free market seems to have failed in certain areas recently.
Yes and one of the ways of handling "fails" is government intervention.The free market has been running since humans started trading, I'm sure we can handle a few fails over the thousands of passes.
Yes and one of the ways of handling "fails" is government intervention.
I would say that the gas price gap is reasonably successful considering the larg e profits beingAre there any examples of a successful government regulating business pricing?
I would say that the gas price gap is reasonably successful considering the larg e profits being
made in that industry.
Yes really.Really? There's always a fuss about price increases every long weekend.
Or croony capitalism like in current west countries place enough barriers to new entrants that they keep a usually convenient duopoly..with a cosy split marketthe theory is if there is ( sufficient ) demand , supply will follow , however some theories are never 100% reliable
and of course in totalitarian governments , things rarely flow smoothly
at my age , i have seen many plans fail , and i won't be wishing well for this one eitheras per WEF plan.
Agreed in general but with the exception of natural monopolies.The best way to reduce price gouging is by protection competition, allowing easy access for start-ups, and for consumers to shop around and vote with their money.
It would seem that not only are here a lot of phantom jobs out there, but there are a lot of people working multiple jobs.Despite today's laughable, 13th consecutive beat of expectations in a row, a number which is only as credible as Biden's 81 million voters...
... the weakening in the US jobs market is gathering pace, and as Bloomberg's Simon White writes, a faster-than-expected deterioration in employment would lead the market to in price more cuts, sooner.
As White notes, month-to-month data points and revisions can often obscure the bigger picture. In the case of the labor market, it is that payrolls’ growth is weakening, especially after revisions (what will April be revised to next month).
And it’s very likely to keep doing so, and at a faster rate, and this can be directly linked to the banking turmoil. There is a very clear and intuitive leading relationship between banks’ lending standards and payrolls. The magnitude of the recent tightening in credit from banks points to payrolls’ annual growth contracting in the next few months.
I guess at some point, these figures will start to go the other way as the BLS models kills more jobs on the down turn.Indeed, there are several other concerns that jobs data should not be taken at face value. Weaker current data and the revision lower of historical data — as happens at turning points, which typically see the largest revisions — would lead to a rapid re-appraisal of the health of the labor market.
Consider this: the birth-death model added a huge 378k jobs to April’s payrolls, the second biggest monthly increase on record (only last October was higher)!
And get this: the birth-death model has added 1.84 million jobs since last March, or a whopping 43% of all payrolls added during this period. This means that almost half of all "job gains" in the past year are from an excel spreadsheet which assumes 1.84 million new jobs were created from new businesses.
It’s also noteworthy that there continues to be a significant divergence between household employment (which counts employees) and the payrolls survey (which counts jobs). Over 1.2 million more jobs have been created than new employees since March last year. It’s not a vote of confidence in the jobs market if a rising number of people feel they need more than one position to pay their way.
This will of course add to freight costs which will be passed on to anything that moves, ultimately being magnifies along the way as it eventually ends up being paid by consumers.The nation’s peak trucking body has accused state and federal transport ministers of giving freight operators teetering on the brink of collapse the “final push”, after they announced a 6 per cent increase to the road user charge.
The National Road Transport Association (NatRoad) said the decision sounded the “death knell” for many freight businesses operating on tight profit margins, and many in the industry were “bitterly disappointed” with the decision, to come into effect on July 1.
Cost recovery? what a joke! What are the costs involved in a tax? The army of public servants ensuring compliance? Processing the paperwork?Transport Minister Catherine King and her state and territory counterparts announced the hike on Monday, saying the increase of 6 per cent per annum for the next three years “struck the right balance” between cost-recovery and minimising financial pressure on the freight industry.
Like other non city road users, the truckers will be getting precious little for their outlay to the governments.NatRoad chief executive Warren Clark said many trucking businesses operated on profit margins as slim as 2.5 per cent, and the increase would see average registration costs for a six-axle articulated truck go from $6530 this financial year to $7621 in three years.
it has been noted above that some of the members of the government as well as some economists blame th profits of business as being a cause of inflation.
Perish the thought that some of their own policies might also contribute somewhat to inflation, but recent decisions by state and federal transport ministers to increase freight road user tax by 6% will not help.
From Evil Murdoch Press
This will of course add to freight costs which will be passed on to anything that moves, ultimately being magnifies along the way as it eventually ends up being paid by consumers.
Cost recovery? what a joke! What are the costs involved in a tax? The army of public servants ensuring compliance? Processing the paperwork?
I have spent the past two weeks caravanning around central and northern NSW , and I can inform the minister that the conditions of highways is extreely poor, and the arterial and regional roads even worse.
Like other non city road users, the truckers will be getting precious little for their outlay to the governments.
Mick
Too many public servants leeching off industry. All these idiotic costs for doing business that add little in value.it has been noted above that some of the members of the government as well as some economists blame th profits of business as being a cause of inflation.
Perish the thought that some of their own policies might also contribute somewhat to inflation, but recent decisions by state and federal transport ministers to increase freight road user tax by 6% will not help.
From Evil Murdoch Press
This will of course add to freight costs which will be passed on to anything that moves, ultimately being magnifies along the way as it eventually ends up being paid by consumers.
Cost recovery? what a joke! What are the costs involved in a tax? The army of public servants ensuring compliance? Processing the paperwork?
I have spent the past two weeks caravanning around central and northern NSW , and I can inform the minister that the conditions of highways is extreely poor, and the arterial and regional roads even worse.
Like other non city road users, the truckers will be getting precious little for their outlay to the governments.
Mick
Fuel excise,GST revenues increased by 10% or probably more as we are talking real inflation and not yet increasing outly..monster budget profit fed on the skeletons of taxpayers ...Another inflationary measure the hypocrites.
With the price of fuel these days the fuel excise revenue should be booming.
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