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re: Price gouging laws predictably lead to shortages
Posted on 8/31/17 at 8:45 am to weagle99
Posted on 8/31/17 at 8:45 am to weagle99
quote:
believe the free market is the most ethical system devised for society. Prices should be what demand dictates them to be, not some government dictated level.
How have you never learned that pure anything is not good? Runaway capitalism can be just as dangerous as runaway socialism.
There should be exceptions to every rule one being that gouging prices 500% just for the sake of making an extra Buck under the guise of of supply and demand should not be allowed. Deep down you know its true.
2
Posted on 8/31/17 at 8:47 am to Ebbandflow
I don't believe in the concept of 'gouging' so that argument doesn't register with me.
The 500% increase is an opportunity for others to charge less and undercut the first guy. Or flood the market because prices are high therefore increasing supply. I see no problem.
The 500% increase is an opportunity for others to charge less and undercut the first guy. Or flood the market because prices are high therefore increasing supply. I see no problem.
This post was edited on 8/31/17 at 8:48 am
Posted on 8/31/17 at 10:03 am to Ebbandflow
quote:True. But the assumption is that you're only free to raise the price. Is it not also true you're free to hold the line on pricing?
believe the free market is the most ethical system devised for society.
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