He also confounds costs with prices. Costs are not a significant factor in the p... | Hacker News

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megiddo on Dec 11, 2020 | parent | context | favorite | on: Sales tax creates more unnecessary pain than value...

He also confounds costs with prices.

Costs are not a significant factor in the prices of market goods - that is dominated by supply and demand.

CrazyStat on Dec 11, 2020 [–]

The supply curve is determined to a large extent by costs, so this doesn't seem like as very helpful nitpick.

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