The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
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The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
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Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#2Related:
Egg Libor Was Also Manipulated - https://news.ycombinator.com/item?id=48756256 - July 2026
Justice Department Requires Egg Producers to End Coordinated Benchmark Manipulation that Artificially Inflated Prices Across the Country - https://news.ycombinator.com/item?id=48734081 - July 2026
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#3That'll show em! (that they should continue with the price fixing).
I look forward to the day when we no longer have a pro-corruption government.
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#4That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
win/wind: get caught, pay minor tax; dont get caught, get to keep minor tax
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#5That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
If you want more aggressive anti trust enforcement, voters must vote better, for candidates and administrations that will aggressively enforce.
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#6That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
"naked conspiracy to manipulate the price of eggs from 2022-2025. "
Who was in charge during this time period?
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#7That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
"naked conspiracy to manipulate the price of eggs from 2022-2025. " Who was in charge during this time period?
2 consecutive pro-corruption governments
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#8Things like this mainly occur in markets with little competition, killing of small business causes issues like this. Much of our grievances are caused by our high level of market concentration.
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#9That'll show em! (that they should continue with the price fixing). I look forward to the day when we no longer have a pro-corruption government.
"naked conspiracy to manipulate the price of eggs from 2022-2025. " Who was in charge during this time period?
Surely the relevant question is who was in charge when the punishment was decided, not who was in charge when the misbehavior occurred.
Re: The Egg Bandits Made a Thousand Times the Fine They Just Paid for Price Fixing
#10Reminds me of the Egg Greed Graph.
https://pbs.twimg.com/media/HFa2bQlWcAARYNB.jpg
Why is it people have such a hard time understanding that this is what we want markets to do? If there is a scarcity of some resource, the prices rise and this motivates producers to produce more and consumers to consume less, until an equilibrium is found. On net, this means that we can have more of what we want for less effort over time. Yes, the people doing this profit from it. That's why they do it.