alt Hacker News> In a free market, the suppliers would respond to the price signal by quickly expanding their production to meet the elevated demand.
Why would they?
And you claim to have historic examples where they did?
> In a free market, the suppliers would respond to the price signal by quickly expanding their production to meet the elevated demand.
Why would they?
And you claim to have historic examples where they did?
Generally speaking, if demand stays high, and existing suppliers don't increase supply, the high prices create an incentive and opportunity for new market entrants to increase the supply.