It’s not a mystery. Bourbon got huge because really good stuff was readily available for pretty cheap. Henry McKenna 10 year was the poster child for this, it was really solid and you could find it everywhere for $25. Now it’s a semi-premium offering for $60-75. The boom made all the producers invest in more infrastructure and now that infrastructure is delivering more and more product to an already flagging and overpriced market.
The boom made all the producers invest in more infrastructure and now that infrastructure is delivering more and more product to an already flagging and overpriced market.
WEIRD GUYS, I thought BASIC ECONOMICS said when supply go up, price go down???
It’s not a mystery. Bourbon got huge because really good stuff was readily available for pretty cheap. Henry McKenna 10 year was the poster child for this, it was really solid and you could find it everywhere for $25. Now it’s a semi-premium offering for $60-75. The boom made all the producers invest in more infrastructure and now that infrastructure is delivering more and more product to an already flagging and overpriced market.
WEIRD GUYS, I thought BASIC ECONOMICS said when supply go up, price go down???
You don’t get it, supply and demand is TAUTOLOGICAL. The fact that the market is overpriced IMPLIES BY LOGICAL NECESSITY that the demand is up