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Started By
Message
Do you support price gouging laws?
Posted on 1/30/26 at 12:57 pm
Posted on 1/30/26 at 12:57 pm
Yes, no, why, or why not?
A regular factor during weather events.
A regular factor during weather events.
25
Posted on 1/30/26 at 12:57 pm to weagle1999
Depends, am I selling or buying?
Posted on 1/30/26 at 1:01 pm to weagle1999
Very big supporter of eye gouging laws.
Posted on 1/30/26 at 1:02 pm to weagle1999
My default setting is 2 people should be free to negotiate whatever price they agree to.
I can sympathize with the argument that different rules should apply during natural disasters.
I can sympathize with the argument that different rules should apply during natural disasters.
Posted on 1/30/26 at 1:03 pm to OldmanBeasley
quote:
Very big supporter of eye gouging laws.
whoop whoop whoop whoop
Posted on 1/30/26 at 1:06 pm to weagle1999
oppose, let the consumer deal with the gougers
Many years ago there was a small motorcycle shop in my town that also sold kerosene heaters. Big ice storm came through and knocked out power widespread across the area. This particular shop immediately jacked prices up 4-5X what they were the day before. Some still bought because they had no choice with other places having slim stock. Fast forward a few months and this retailers traffic went into the toilet for all products and services - the public remembered. He soon closed the shop and declared bankruptcy.
Many years ago there was a small motorcycle shop in my town that also sold kerosene heaters. Big ice storm came through and knocked out power widespread across the area. This particular shop immediately jacked prices up 4-5X what they were the day before. Some still bought because they had no choice with other places having slim stock. Fast forward a few months and this retailers traffic went into the toilet for all products and services - the public remembered. He soon closed the shop and declared bankruptcy.
Posted on 1/30/26 at 1:06 pm to weagle1999
Nope.
There is a great book written on this subject by Russ Roberts.
“The Price of Everything”
There is a great book written on this subject by Russ Roberts.
“The Price of Everything”
Posted on 1/30/26 at 1:06 pm to weagle1999
Generally a big fan of open market, but price gouging after emergencies is shitty, but not sure if there needs to be a law for it
Posted on 1/30/26 at 1:08 pm to TheDeathValley
We've had this thread before. "Price gouging" (aka "the open market") actually prevents hoarding and the creation of a black market.
Those increased prices also provide the capital to pay for more of those items to make it into the affected areas.
If I'm an independent trucker, you think I'm going to take the same rate I usually would to take a load of goods into a hurricane decimated area? No, that's going to require a lot more to get me to go.
Those increased prices also provide the capital to pay for more of those items to make it into the affected areas.
If I'm an independent trucker, you think I'm going to take the same rate I usually would to take a load of goods into a hurricane decimated area? No, that's going to require a lot more to get me to go.
This post was edited on 1/30/26 at 1:10 pm
Posted on 1/30/26 at 1:08 pm to weagle1999
Im fine with it. But the business shouldn't get help from the government when people turn against them.
Posted on 1/30/26 at 1:09 pm to weagle1999
there is no such thing as price gouging. Market prices are market prices. mess with the market and it will mess with you.
Posted on 1/30/26 at 1:10 pm to weagle1999
Against.
Would those that are in favor of them (in emergency/disaster situations), be in favor with laws that dictate how much a person can buy or something during those disasters?
Would those that are in favor of them (in emergency/disaster situations), be in favor with laws that dictate how much a person can buy or something during those disasters?
Posted on 1/30/26 at 1:12 pm to weagle1999
No.
In theory, it's great that people facing a crises wouldn't have to pay more than normal for an in demand good. The problem is that means said good will immediately sell out and anyone who generally doesn't sell said good in that area have no incentive to move those goods into the area for sale. If you allow the market to dictate prices, as prices rise, it creates an incentive for people to transport more of the item into the affected area when they would not have otherwise. Will it cost more? Yes. Significantly more? Maybe. But at least it will exist for purchase as opposed to being utterly unavailable.
In theory, it's great that people facing a crises wouldn't have to pay more than normal for an in demand good. The problem is that means said good will immediately sell out and anyone who generally doesn't sell said good in that area have no incentive to move those goods into the area for sale. If you allow the market to dictate prices, as prices rise, it creates an incentive for people to transport more of the item into the affected area when they would not have otherwise. Will it cost more? Yes. Significantly more? Maybe. But at least it will exist for purchase as opposed to being utterly unavailable.
This post was edited on 1/30/26 at 1:14 pm
Posted on 1/30/26 at 1:16 pm to weagle1999
Well-defined price gouging laws under well-defined emergency situations, yes.
There should be a clear distinction between gouging and raising prices due to demand.
There should be a clear distinction between gouging and raising prices due to demand.
Posted on 1/30/26 at 1:18 pm to weagle1999
I don't know about price gouging but dynamic pricing was created by devil worshipers.
Posted on 1/30/26 at 1:19 pm to TheDeathValley
quote:
but price gouging after emergencies is shitty, but not sure if there needs to be a law for it
Prices drastically increase in emergency situation's for a reason: HIGH demand.
If prices aren't allowed to increase as natural response, then the first buyers will buy everything. This leads to black markets popping up and reduces incentives for producers to make/deliver more and fill the demand.
This is why we struggle to find gasoline after a hurricane. Gas stations aren't allowed to "price gouge" (increase prices) so some Baw fills up 30 five gallon cans to run his generator for a month and stations quickly run out.
Unregulated pricing would provide enough incentive to gas stations to do everything they can to have more gas brought in. Buyers will certainly pay more, but at least they will have the option to buy gas. As power is restored to more homes and more gas stations reopen prices would fall and return to normal.
Posted on 1/30/26 at 1:20 pm to weagle1999
Against. Just alters market dynamics and leads to more supply issues and hoarding. Free market prices retain stock for those who need it enough to pay a premium and encourage retailers to carry sufficient inventory and restock more rapidly.
Posted on 1/30/26 at 1:34 pm to weagle1999
I’m fine with it because people are POS.
There will be too many people that will take their prices to amounts that are ridiculous and force people to pay it.
For example, look at vehicles, houses, Disney, beef
There will be too many people that will take their prices to amounts that are ridiculous and force people to pay it.
For example, look at vehicles, houses, Disney, beef
Posted on 1/30/26 at 1:37 pm to Fat and Happy
I am aligned with yes, price gouging laws are acceptable, during emergencies for a defined set oof goods. Gas, specific food goods, water, yes. Things that may be needed to survive.
All else is fair game.
ETA: I’m fine with a determined markup of those items during emergencies to cover hardships by the supplier to get those goods in.
I’m generally very anti government intervention but greed is in human nature and there should be restrictions during emergencies.
All else is fair game.
ETA: I’m fine with a determined markup of those items during emergencies to cover hardships by the supplier to get those goods in.
I’m generally very anti government intervention but greed is in human nature and there should be restrictions during emergencies.
This post was edited on 1/30/26 at 1:45 pm
Posted on 1/30/26 at 1:40 pm to weagle1999
No. They are counter-intuitive.
It helps to prevent hoarding, and encourages additional supplies during shortages.
It helps to prevent hoarding, and encourages additional supplies during shortages.
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