Quote of the Day
This is the chart that has launched a thousand takes.
The conclusion seems obvious: Everything the govt touches goes to infinity in price. Everything pure capitalism touches goes to zero.
But there’s another way of looking at this graph that dramatically changes the story.
Derek Thompson @DKThomp
Tweeted on March 18, 2023
The details of “the other way of looking at the graph” is at the linked tweet. It is claimed:
It’s not just govt vs. capitalism
It’s also services vs. goods.
But I see Cellphone Services and Food and Beverages out of the claimed groupings. Still, it is an interesting graph.