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re: Price gouging in a temporary supply crunch like the Colonial situation should be allowed

Posted on 5/13/21 at 12:17 pm to
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31468 posts
Posted on 5/13/21 at 12:17 pm to
quote:

This made sense to you?

A single mother with 3 kids, buys gas at $2.55 to go to work everyday. Without warning a pipeline goes down. Immediately every station in town goes to $10 to curb hoarding.

Guess what? The most desperate among us cant shell out $10 for gas, while she waits for the pipeline to come back on line. Her kids dont eat very well, if she does that


So do you want government price controls on everything, or just certain things?
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
28081 posts
Posted on 5/13/21 at 12:27 pm to
quote:

So do you want government price controls on everything, or just certain things?

I want price controls to be a seldom used arrow in the arsenal. Because it keeps (say a Mitt Romney hedge fund type) from forcing a shortage, as a reason jack prices up, in order to make bank. Off a false narrative that they created as a way to make bank

This is exactly how Soros operates. Creates runs, and shorts, then banks the money
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