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1. cjd (cjd@pkteerium.xyz)'s status on Sunday, 30-Jul-2023 07:19:16 JST cjd
   Something that is really interesting to me is dynamic supply-and-demand and supply chain choke points.
   
   This graphic everyone studies in ECON 101, it's bullshit. In order to believe in this, you have to believe silly things like "if bread were a penny per loaf, I would eat 10 loafs of it per day".
   
   In reality there's a saturation point, be it for people eating bread, or for construction companies buying concrete.
   
   On the other side there's also a huge problem. Economists also think that when bread goes to $1000/loaf, everyone just eat one crumb, or almost everyone goes without...
   
   In reality, when bread goes to $1000, you have a revolution and our dear economists get decapitated.
   
   1/Little 🧵