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Started By
Message
re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:30 am to weagle99
Posted on 8/31/17 at 8:30 am to weagle99
quote:
Is it cheaper to get water to a normal city or a city devastated by a hurricane?
There's no problem getting anything anywhere in Houston other than flooded neighborhoods, which no longer have customers. The issue is so temporary that market forces don't even have time to work as you imagine. Charging $20/gal of gas is not a market reaction, it's a gouge.
3
Posted on 8/31/17 at 8:33 am to cwill
quote:
Charging $20/gal of gas is not a market reaction, it's a gouge.
There is no such thing as gouging, only the invisible hand. The next guy can charge $10 and the $20 guy will sit there on his stock. Let the market work.
Posted on 8/31/17 at 8:42 am to cwill
quote:
There's no problem getting anything anywhere in Houston other than flooded neighborhoods
There are no shortages of any kind anywhere in Houston?
If true, that's amazing and a testament to the evil corporate bastards.
Posted on 8/31/17 at 9:15 am to cwill
quote:
Charging $20/gal of gas is not a market reaction, it's a gouge.
Such a scenario would not be possible if there was not a looking shortage in that situation.
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