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re: Price gouging laws predictably lead to shortages

Posted on 8/31/17 at 8:11 am to
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22474 posts
Posted on 8/31/17 at 8:11 am to
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 by Ace Midnight
Between sanity and madness
Member since Dec 2006
89801 posts
Posted on 8/31/17 at 9:28 am to
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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