And we saw that.

Well, imagine we have other, say other ebooks' price goes up. WRlTING

Even that banana that you buy at the grocery store.

And luckily for us, it is a fairly intuitive idea.

And there is a little bit of a negative feedback, if price goes up.

Now compare that with real price increments.

Now, let's take Scenario B

I'd want to produce less.

The price of everything increased.

As expected, the price of imported goods rose.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

It is certain that the price of gold will go up.

There are thousands of books on that.

Land prices are running higher every year.

And then there's finally there's the affordability question.

(Laughter)

I believe we should try more things that have a potential to be far less expensive.

And I guess a good starting point is, well, what is inflation?

As oil prices go up, energy patents go up.

You can see this in the data.

And then there's this guy, okay.

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

And if that money supply that's affected by all of those things grows faster than the total real productivity of the economy, then it will generally increase the level of prices.

Prices are rising.

The prices are going up higher and higher.

So at 2 more people would wanna buy 'cause things gonna go up.

Shares of md are up almost 12

So those are the two side effects of high utilization.

Prices have gone up these three months.

Prices have gone up these three months.

So it's 10 ... this is in thousands 20...30...sorry not 45...40...50 and 60 and this is in thousands.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

If supply goes up, price will also have an inhibitory impact on price.

The price in January advanced 20 year to year.

Prices continued to rise.

Commodity prices were rising.

The value of the yen has risen greatly.

So now expect the future price to go up. What's going to happen?

And that's the real big take away I wanted you to get at, is that high utilization of anything, of our aggregate capacity, prices will increase.

So if you actually look at this chart, we're already kind of on an inflationary spectrum.

So we know that housing prices went up.

But, when you're at a relatively high utilization, it really pays to increase your price hurdle.

We're saying that we're spending 60 of our money on apples, 40 on bananas in that base year and that this is just that base year level of prices.

And that caused housing prices to go up.

In California, they'll have warm weather tomorrow gang wars and some overpriced real estate.