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re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:12 am to weagle99
Posted on 8/31/17 at 8:12 am to weagle99
quote:
Which is more compassionate: Allowing a small number of people to hoard a needed item that is purchased at a low price or allowing prices to increase due to demand so that more people can have access to that needed item?
What about the elimination of the profit motive causing people to not work to bring a needed item into an area of need?
Why don't we trust in the free market to do what it does so elegantly?
Total BS. the price gouging laws allow for price increses due to shortages or the difficulty of getting goods to an area during a disaster. They only come into play when someone is actually gouging by raising the prices by large margins. Like when gas goes from $2.25 a gallon to $20 a gallon between Friday and Monday. Yeah that's the free market at work is it?
1
Posted on 8/31/17 at 8:20 am to HeyHeyHogsAllTheWay
quote:
Like when gas goes from $2.25 a gallon to $20 a gallon between Friday and Monday. Yeah that's the free market at work is it?
Actually that is exactly how the free market works.
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