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Attempts to control supply and demand during a supply shock could worsen it by limiting production growth and substitution.
Drawn from what Austin Vernon said
What Austin Vernon actually said
- Austin Vernon Engineer and investor who writes quantitative posts…
The most important thread holding this together is that markets be allowed to function. A ham-fisted attempt at controlling supply and demand could worsen the situation by limiting production growth and substitution. The global economy is remarkably resilient when it is free to adjust.
Where this was said
↗Solving the Strait of Hormuz Blockageaustinvernon.site
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