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★ Bernie Sanders: Ideologue and Economic Ignoramus

Daring Fireball

Jun 27, 2026

6/27/2026

Investors Should Verify Capital Allocation Against SEC Filings Before Assessing Pricing Flexibility

★ Bernie Sanders: Ideologue and Economic Ignoramus · Daring Fireball

Business, Finance & Industries · Jun 27, 2026

The article refutes Sanders’s claim that Apple spent $310 billion on buybacks after $112 billion in profit, citing SEC filings that show $89 billion in repurchases and $15 billion in dividends and warning that pricing critiques should be checked against capital-allocation disclosures.


6/27/2026

Inconsistent Pricing Responses To Similar Cost Shocks Highlight The Need To Base Forecasts On Cost Structures Rather Than Ideology

★ Bernie Sanders: Ideologue and Economic Ignoramus · Daring Fireball

Politics & Government · Jun 27, 2026

The article argues that Sanders is inconsistent—urging Apple to absorb supplier-driven memory cost increases while earlier saying tariffs naturally raise consumer prices—so political rhetoric is a poor guide to pricing and investors should focus on cost structures and pass-through behavior.


6/27/2026

Adopt A Consistent Pricing Philosophy That Separates Who Bears Cost Shocks From The Shock Itself And Focuses On Margin Policy And Demand Elasticity

★ Bernie Sanders: Ideologue and Economic Ignoramus · Daring Fireball

Business, Finance & Industries · Jun 27, 2026

The document argues that firms' responses to uncontrollable cost inflation are constrained economic choices that require a consistent, general pricing philosophy—separate from political judgments about the cause—and offers a framework focusing on the pass-through decision (raise prices, accept lower margins, or both), margin policy, and demand elasticity to evaluate corporate pricing, especially during supply shortages.


6/27/2026

Stock Buybacks Are Not Free Cash and Cannot Offset Rising Component Costs in Pricing Decisions

★ Bernie Sanders: Ideologue and Economic Ignoramus · Daring Fireball

Business, Finance & Industries · Jun 27, 2026

The article argues that stock buybacks are cash outflows—not surplus profit—so using buyback totals to claim a company (e.g., Apple) can absorb rising component costs is misleading: buybacks don’t prove a firm can indefinitely shield customers from supplier-driven price inflation.


6/27/2026

Populist Pressure To Absorb External Costs Demonstrates Similar Economic Reasoning Across Ideologies In Price Pass-Through

★ Bernie Sanders: Ideologue and Economic Ignoramus · Daring Fireball

Politics & Government · Jun 27, 2026

The article argues Sanders’s call for Apple to absorb higher costs is economically equivalent to Trump’s earlier demand that Walmart ‘eat’ tariffs—both are populist attacks on price pass-through that share the same flawed logic and create predictable political pressure on consumer-facing firms during cost shocks.