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re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:11 am to weagle99
Posted on 8/31/17 at 8:11 am to weagle99
Price gouging is opportunistic. It will come back to haunt the perps. Un-Christian. Prices should remain stable. Even squirrels anticipate shortages and act accordingly. Nobody mentions complacent merchants who fall asleep at the wheel and fail to adequately anticipate shortages and stock up.
Posted on 8/31/17 at 9:28 am to tigerpawl
quote:
. Even squirrels anticipate shortages and act accordingly.
This is a terrible analogy. The squirrels are the citizens of Houston in this scenario, not merchants.
If the "squirrels" were actually prepared as you suggest, there would be no profit in price gouging.
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