When you promise to buy at market cost

then market costs rise to infinity.
This is a Mish chart of the day.

The end point is a requant,  it arrives suddenly as our favorite economists deny econ 101. Then we suddenly stop, usually due to Senate bottlenecks for the small states which become unviable under the plot.

Anyway, for the dumbfounded progressives, that blue line is crowding out that red line. Note the absolute difference between the two is about as big as it always has been even though over all price hikes are way down. That means this is a critical issue, likely to cause sudden stop soon. In other words,this is something might cause sudden stop on the next budget go around, especially if growth slows to 1.5% this year.

Our favorite progressive economists are quite stupid or fraudulent about the problem.