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re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:42 am to Ebbandflow
Posted on 8/31/17 at 8:42 am to Ebbandflow
quote:
Does not compute. Are you giving credit to the free market for the compassion of the individual?
Sounds like a sociopathic business owners way of explaining why he didn't need to help
It computes to normal people with even a modicum of understanding about economics and human behavior. I don't know if you realize this but "the individual" is essentially the entire make up of the free market so I don't know why you wouldn't "give credit to the free market for the compassion of the individual." That's exactly how it works. The "sociopathic business owners" (whoever they are) are effectively controlled by the individual and other business owners as you can see by what's going on in Texas and Louisiana right now.
Posted on 8/31/17 at 8:46 am to elposter
quote:
computes to normal people with even a modicum of understanding about economics and human behavior. I don't know if you realize this but "the individual" is essentially the entire make up of the free market so I don't know why you wouldn't "give credit to the free market for the compassion of the individual."
So tell me how the individual in this free market economy is being rewarded in a disaster area by price gouging?
Is it simply that you don't see it as price gouging but simple supply and demand when something goes up 500%
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