(October 13, 2023 at 10:50 pm)Dmitry1983 Wrote:(October 13, 2023 at 9:56 am)ShinyCrystals Wrote: I understand economics. I am sure you have that backwards.No, you don't. The article explicitly refutes your claim that export bans don't prevent domestic inflation.
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.
First off, I read the article. That said nothing about preventing inflation. I think you are the one who did not read the article. Plus, I am sure what you said about those export things has nothing to do with India. Not to mention, given the article you linked, I am sure those export acts and restrictions can only do so much to prevent inflation. I mean, what happens in India is still out of the USA's control, not to mention, the Export Control Act is of the United States, not India. The USA is not known for exporting rice in the first place. America is only importing rice, and I am sure the export restrictions have to do with India rather than the United States, since India is the one exporting their stuff rather than importing it like the United States.
You have no business telling me I am wrong when that would be you. Are you even trying now?
