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Customers leave faster when prices rise than they come back when prices fall, which is why sellers hold prices as long as they can.

Drawn from what John H. Cochrane said

Do tariffs do what they are imposed to do?under our view: Prices move through a supply chain slowly, which is why nobody has felt it yet

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What John H. Cochrane actually said

Word for word, with the source under each one. They did not write this page.

  1. John H. Cochrane

    Economist at the Hoover Institution

    I suspect higher prices make people leave more quickly than lower prices make them come.

Added to korrents 25 Oct 2025 · How quotes work · Something wrong? Tell us

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