If there is somebody willing to pay more for what is ultimately a limited supply of potatoes, why not sell to them. If the price per ounce of chips is too high for you, you’ll buy less chips. People who just can’t live without those chips might buy less candy to make sure they can afford them.

All the while people who make chips are asking for raises because the chip market is hot and the boss just can’t get enough people into the plant to make them. The workers know their boss needs them badly so they are comfortable asking for more. The boss relents because he needs them in there making those chips or he’s gonna lose money with potatoes rotting in the warehouse.

Sellers raise their prices because they have buyers ready to pay that higher price.

Say your have the best restaurant in town and you have a line down the street and everyday you sell out of food before lunch. If you raise your prices the line will get shorter as some of your more price sensitive customers decide to go elsewhere. Keep raising them and your shop will be empty as nobody wants your food at those prices. The “right price” is where you get the most money you can for the work that you do in a day. Right?

You should be looking at your wages exactly the same. Ask for 10k per hour and you’re going to be jobless. As for 5 per hour and you’re gonna have lots of offers but not make enough money. Try to find the “right” wage. This is why wages have been going up faster than inflation pretty much every quarter since some time in 2022.

And no, we shouldn’t punish you or our hypothetical restaurant owner for setting your prices properly.

Also, taxes don’t remove money from the economy so it would be neutral from an inflation standpoint. But that’s a much longer story.

It’s worth noting that communists and socialists also depend on population growth to sustain their civilizations as do trees and rabbits and beetles. It’s possible that economic systems don’t really matter all that much here.

Population collapse isn’t the road to some sustainable future. It is how species go extinct. Perhaps we are on that road, so it goes. But whistling past the graveyard pretending that “Star Trek” is on the other side is silly.

If you ever needed a lesson in the difference between power and authority, this is a good one.

The leaders of this coup read the rules and saw that they could use the board to remove Altman, they had the authority to make the move and “win” the game.

It seems that they, like many fools mistook authority for power. The “rules” said they could do it! Alas they did not have the power to execute the coup. All the rules in the world cannot make the organization follow you.

Power comes from people who grant it to you. Authority comes from paper. Authority is the guidelines for the use of power, without power, it is pointless.