News for hackers. Stuff that matters.

A comment on Do High Interest Rates Fix High Inflation?. Parent comment

Re:Do High Interest Rates Fix High Inflation? by killingtime74 on Tuesday June 13, 2023 @05:42PM (#36317892)
That's because the government is a monopoly on buying those services from the service providers (Don't get me wrong I am fully in support). If there is less than Monopoly control by the government price controls don't work.
[ Parent | on HN ]
Re:Do High Interest Rates Fix High Inflation? by npongratz on Tuesday June 13, 2023 @05:47PM (#36317967)
> That's because the government is a monopoly on buying those services from the service providers

That's called a monopsony: https://www.investopedia.com/terms/m/monopsony.asp

"A single buyer dominates a monopsonized market while an individual seller controls a monopolized market."

[ Parent | on HN ]
Re:Do High Interest Rates Fix High Inflation? by chimeracoder on Tuesday June 13, 2023 @07:48PM (#36319306)
> That's because the government is a monopoly on buying those services from the service providers

That's true in some markets, but not all.

[ Parent | on HN ]