To expect to increase prices and then to maintain them at…
“To expect to increase prices and then to maintain them at a higher level by means of a plan which must of necessity increase production while decreasing consumption is to fly in the face of an economic law as well established as any law of nature.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Attempting to raise prices while cutting consumption contradicts basic economic principles of supply and demand.
In simple terms: Raising prices while cutting demand defies economics.
Key Takeaway
Avoid policies that raise prices and cut demand.
Themes
economics
policy
market
law
production
consumption
Mood
cautious
analytical
Type
economic
policy
When to use this quote
- business strategy
- government regulation
- pricing decisions
- consumer behavior
Key Concepts
Supply and demand
price elasticity
market equilibrium
Questions to Reflect On
- How can we balance price stability with sustainable consumption?
- What alternatives exist to boost production without harming demand?
A Different Perspective
Such policies may cause shortages and inflation.