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Six months into tariffs, businesses have no idea how to price anything

(www.wsj.com)
462 points JumpCrisscross | 1 comments | 30 Aug 25 20:56 UTC | HN request time: 0.225s | source
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casey2 ◴[30 Aug 25 21:10 UTC] No.45078043[source]▶
This is how you know most economic theory is a total lie, if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss. Is that cause copper bathtubs are a special item or are you just making up more rules after the fact to patch holes in your leaky theory.
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1. watwut ◴[30 Aug 25 21:47 UTC] No.45078272[source]▶
> if it wasn't they would just "price what people are willing to pay" and be forced to eat the loss

Classical economic theory predicts literally the opposite. It predicts the prices will go up exactly as if the base materials became more expensive. Classical economic theory predicts that free market produces lowest possible prices and thus any tarif means price up.