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Burgernomics Δ (sh.itjust.works)

submitted 8 months ago by brbposting@sh.itjust.works to c/memes@lemmy.world

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alt-text: Woman ordering food (photo): “I would like to buy a hamburger for the same price that it was 2 hours ago.”

Cashier (sketched): “Sir, this is a Wendy's”

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[-] Kerb@discuss.tchncs.de 17 points 8 months ago* (last edited 8 months ago)

that might not be entierly legal,
you cant legally sell onions on the futures market since 1958

[-] CobblerScholar@lemmy.world 13 points 8 months ago

Huh, son of a bitch. Can't wait to use this one

https://en.m.wikipedia.org/wiki/Onion_Futures_Act

[-] Corkyskog@sh.itjust.works 7 points 8 months ago* (last edited 8 months ago)

The Onion Futures Act is a United States law banning the trading of futures contracts on onions as well as "motion picture box office receipts"

Lol. Wut?

[-] Kerb@discuss.tchncs.de 6 points 8 months ago

in 1956 some guy sneakily trough shell companys and such stuff, used the futures market to controll 98% of the onion suply and screwed over a lot of people.

the onion futures act was the goverments absolute brilliant idea for a fix.

i have no idea what the box office receipts thing is about

[-] Corkyskog@sh.itjust.works 4 points 8 months ago

Yeah no, I get the Onion thing, it's usually taught in collegiate finance courses... but the Box Office thing threw me off. Apparently the MPAA lobbied to have it added. I am just amused that it's attached to Onion Law.

[-] kboy101222@sh.itjust.works 2 points 8 months ago

From a couple minutes on Wikipedia, it was added to the law as part of Dodd-Frank in 2010, which overhauled the US financial system after the recession. The MPAA lobbied heavily on it