The demand for consumer items hardly fluctuates from month to month, nor does the supply, which, in the short term, will be taken from inventories which have already been priced. 4  BIS central bankers’ speeches  Economists are understandably reluctant to accept the fact that their fundamental contributions to determining fair values have limited practical application.
Most economists still believe that supply prices and demand by informed customers do conflate to produce a fair price, in spite of all the evidence to the contrary.