Explanation for increase in sex workers in Ukraine and increasing prices….inflation not Veblen goods?
Econofix writes/cites in his blog:
Neither are sex services consistent with other types of goods that have upward-sloping demand (Giffen goods, goods with network effects, goods with bandwagon effects).
More likely, Uralpolit.ru and the Moscow Times have demonstrated temporary economic illiteracy. Increased supply doesn’t increase prices. On the other hand, inflation does increase prices and that is what is being observed.
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This explains a lot. Excerpt from OpEdNews:
The new Interior Minister of the Ukrainian government is Dmytro Yarosh, leader of the Right Sector. Here are some excerpts from a review he gave during the Maidan to Mustafa Nayyem and Oksana Kovalenko, two Ukrainian journalists: (click here).
“I’m the founder and leader of the all-Ukrainian organization Stepan Bandera Trident since 1994, holding various positions from commander to chief inspector. Trident is like an order of knights, propagandizing Stepan Bandera’s Ukrainian nationalist ideology, promoting patriotism among Ukrainian youth, and defending the honor and dignity of the Ukrainian nation by all means available. It created Right Sector to coordinate the actions of various revolutionary groups.
Training takes place at camps throughout Ukraine: Besides military training, we organize events aimed at the de-communization and decolonization of Ukraine.”