One of my favorite stories of the year has to be EU’s attempt to convert money into artillery shells. They allocated a bunch of money to this and thought that shells would magically appear. Instead they created a situation where there’s a limited supply of a commodity with a market flush with cash, and as anybody with even a modicum of economic understanding could’ve told them this resulted in prices going through the roof. So shells went from around 2k per shell to 8k per shell. 😂
One of my favorite stories of the year has to be EU’s attempt to convert money into artillery shells. They allocated a bunch of money to this and thought that shells would magically appear. Instead they created a situation where there’s a limited supply of a commodity with a market flush with cash, and as anybody with even a modicum of economic understanding could’ve told them this resulted in prices going through the roof. So shells went from around 2k per shell to 8k per shell. 😂
The west is run by literal evil clowns.
Hey, it means that GDP got bigger! Who needs real things if line went up?
Were EU governments bidding against one another?
I’m guessing companies just jacked up the price and the governments wrote blank cheques to them. I imagine corruption is likely a factor here too.