Di Muzio observes that when interest rates go up, businesses *don't* reduce their borrowing, as the neoclassicals would predict. Why not? Because businesses in our real world enjoy pricing power, which means that when their costs of borrowing go up, they pass those increases on to their customers (economists call this "#CostPlus pricing").

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MTA's East Side Access project delayed again due to vent problems https://gothamist.com/news/mtas-east-side-access-project-delayed-again-due-to-vent-problems #transit #transitdelays #costplus or #designbuild #overbudget #underdelivered #eastsideaccess #noaccess

I've been using Cost Plus for a few months now( Cigna Gold Insurance via employer). Keep getting emails updating new meds added. It's a game changer. So what if he's a billionaire? Why do we have to 💩 on Billionaires trying to do the right things? He's also been a critic of Musk's actions with Twitter, trying to tweet sense into him. I like Cuban, self made. Some people idolize the 💩 ones....and others 💩 on the good ones. #Costplus #cuban https://blacktwitter.io/@onlymeindc/109599134610073536