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Message
re: Price gouging in a temporary supply crunch like the Colonial situation should be allowed
Posted on 5/13/21 at 4:55 pm to slackster
Posted on 5/13/21 at 4:55 pm to slackster
There is no such thing as price gouging.
It’s a made up term like “trickle down” or “assault rifle”
supply/demand and scarcity. That’s it.
And any time the state tries to influence either of those, there is never enough or so much that we pay farmers to burn crops.
Either way it’s inefficient and dumb.
It’s a made up term like “trickle down” or “assault rifle”
supply/demand and scarcity. That’s it.
And any time the state tries to influence either of those, there is never enough or so much that we pay farmers to burn crops.
Either way it’s inefficient and dumb.
3
Posted on 5/13/21 at 5:01 pm to Hayekian serf
Posted on 5/13/21 at 9:42 pm to Hayekian serf
quote:
There is no such thing as price gouging.
What is this nonsense?
quote:
LA Rev Stat § 29:732
§732. Price gouging; prohibited
A. During a state of emergency as declared by the governor or as declared by the parish president, the prices charged or value received for goods and services sold within the designated emergency area may not exceed the prices ordinarily charged for comparable goods and services in the same market area at or immediately before the time of the state of emergency
Posted on 5/14/21 at 6:09 am to Hayekian serf
quote:
supply/demand and scarcity. That’s it. And any time the state tries to influence either of those, there is never enough or so much that we pay farmers to burn crops. Either way it’s inefficient and dumb.
The state already influences who can provide the supply of gas. So in an already unfree market, purely market forces don’t work correctly.
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