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Message
re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:06 am to TBoy
Posted on 8/31/17 at 8:06 am to TBoy
quote:
Having water sitting on the shelf, priced higher than liquid gold, prevents distribution.
No, it prevents one customer from hoarding it all for himself. He won't/can't pay sky high prices, so he'll be compelled to buy only what he truly needs leaving water for the next customer, and the next.
This post was edited on 8/31/17 at 8:09 am
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