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re: Texas People - Gas Update

Posted on 8/31/17 at 7:07 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39644 posts
Posted on 8/31/17 at 7:07 pm to
quote:

Some of the people in the gas shortage threads complaining about people filling up on gas when they don't need to and causing a shortage are the same people in the price gouging threads calling people who raise prices during a crisis the scum of the earth. They can have it one way or the other, but not both.



Ya, I'm sure they are. I may get down voted to eternity but price conveys information. It doesn't just represent an arbitrary number over cost.

Half the population maybe has gone to college, and high schools may or may not require economics so people have been exposed to one to three classes tops. Emotion takes control of over half the population. Therefore, politicians create price ceilings = shortage.
This post was edited on 8/31/17 at 7:09 pm
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