(October 13, 2023 at 9:56 am)ShinyCrystals Wrote:No, you don't. The article explicitly refutes your claim that export bans don't prevent domestic inflation.(October 13, 2023 at 8:55 am)Dmitry1983 Wrote: The article says exactly what I'm saying. Banning grain exports is used to curb domestic inflation. You've just demostrated that you don't understand economics yet you complain about my lack of knowledge.
I understand economics. I am sure you have that backwards.
Quote:Even if you were somehow right, I am sure you don’t understand everything else about American economics. By the way, I am sure you were talking about a different country other than the USA in that news article you posted. Technically, while there may be similarities between the economics of countries, the country mentioned in that news article is not in the same situation as the USA, economics wise.Wrong again.
https://en.wikipedia.org/wiki/Export_Control_Act
Quote:Scarcity of certain goods in the world markets made the continuance of controls necessary to prevent a drain on such goods from plentiful American supplies, with its consequential inflationary influence.https://en.wikipedia.org/wiki/Export_restriction
Quote:When there are restrictions on exported goods, the price of exported goods rise, therefore, export decreases and domestic good prices fall.
