this post was submitted on 23 Jul 2024
539 points (79.4% liked)

Memes

45578 readers
1598 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 3 months ago

i'm intimately aware of the price discovery theory you've mentioned, but it does not have any real predictive power, and it makes no claims about how production levels are impacted by markets.