Elizabeth Warren Proves Once Again That She Has No Idea How Basic Economics Works

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It’s a fairly good rule of thumb that if Elizabeth Warren is against something, it’s probably a good thing that you should support. Or, at the very least, it reveals just how ignorant she is about how our supply-and-demand economy actually works.

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She’s now waging a war against “dynamic pricing,” which she claims is how “giant companies … squeeze you even more.”

Yes, when people want more ice cream in the summer, the demand goes up while supply usually stays the same. So prices will go up. Same thing with tea bags in the winter.

Consumers often accept dynamic pricing. Airline tickets, for example, vary by price based on the day of the week and the season. Hotel room prices are subject to dynamic pricing, too. This writer went to Green Bay, Wisconsin, one January and paid $79/night for her hotel room. During the Packers season, that same room costs $350. Bars have happy hours, offering discounted drinks at off-peak hours, too. It’s part of a free market economy.

She hates anything that makes Americans happy.

It’ll be off-brand vanilla and slightly melted.

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It absolutely tracks.

But at least if there’s a major shortage, everyone is equally starving.

Someone should really ask Warren these questions.

Dynamic pricing is how businesses work and respond to market forces. But because Elizabeth Warren has never had a real job and has no idea how to work in the real world, she thinks dynamic pricing is a bad thing, and she wants to make the companies that provide us with goods and services the bad guy in all of this.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

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