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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: 0.215s | 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. rsynnott ◴[31 Aug 25 08:18 UTC] No.45081428[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

... Wait, why on earth would businesses do that? "Yeah, we're in the business of buying X for a dollar and selling it for 90 cents". What economic theory are you referring to that makes that in any way plausible?

When input prices go up, output prices go up, and usually consumption falls.