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Started By
Message
re: FBI Raids Brooklyn NY Man For Hoarding 5,000 Boxes Of N95 Masks & Selling At 700% Markup
Posted on 3/31/20 at 10:24 pm to Thib-a-doe Tiger
Posted on 3/31/20 at 10:24 pm to Thib-a-doe Tiger
quote:
I have an MBA. I took a lot of Econs
I could identify a-hole behavior by Kindergarten
1
Posted on 3/31/20 at 10:24 pm to pensacola
quote:
Do you even CEBA, bro?
Lower level econs were taught in the horticulture building in my day.
Ceba was for the Indians and old white men teaching IE.
Posted on 3/31/20 at 10:25 pm to Slagathor
quote:
I could identify a-hole behavior by Kindergarten
You getting paid for that?
Posted on 3/31/20 at 10:25 pm to PeteRose
(no message)
This post was edited on 1/11/21 at 1:11 am
Posted on 3/31/20 at 10:25 pm to Thib-a-doe Tiger
quote:
Econ 101 says this is the rule of supply and demand
That applies in a normal market not one where some dude is hiding in his apartment hoarding 5000 boxes of face masks.
Posted on 3/31/20 at 10:28 pm to PeteRose
quote:
That applies in a normal market not one where some dude is hiding in his apartment hoarding 5000 boxes of face masks.
In everything that has ever existed, when supply gets short, prices rise
Did someone put a gun to the doctor’s head and make him pay 7x prices?
Posted on 3/31/20 at 10:32 pm to PeteRose
(no message)
This post was edited on 1/11/21 at 1:11 am
Posted on 3/31/20 at 10:37 pm to Volvagia
(no message)
This post was edited on 1/11/21 at 1:11 am
Posted on 3/31/20 at 10:38 pm to John88
Sounds like hospitals in NY didn’t do a good enough job preparing.
Posted on 3/31/20 at 10:39 pm to Volvagia
quote:
You wouldn’t salute the free market if someone bought all gasoline in a 100 mile radius, selling at a massive premium and buying our every shipment of gas moving in.
Fuel is a volume money maker, not margin. That dude would be out of bidness with the quickness. He’d get over on people for a veeeeeery short period of time
Posted on 3/31/20 at 10:47 pm to Volvagia
Stop trying so hard. Makes you sound dumb.
Posted on 3/31/20 at 10:51 pm to PeteRose
quote:
That applies in a normal market not one where some dude is hiding in his apartment hoarding 5000 boxes of face masks.
Posted on 3/31/20 at 10:51 pm to 225bred
quote:obviously not
I’m ALL about the free market,
quote:
but price gouging is downright reprehensible
Posted on 3/31/20 at 10:51 pm to tigeralum06
quote:or every ER in the country
Sure arrest this guy. When Pfizer does it, it's just business.
Posted on 3/31/20 at 10:54 pm to arcalades
quote:
or every ER in the country
Preach
Posted on 3/31/20 at 11:02 pm to John88
The guy was probably going to be fine until he tacked on the terrorism charge.
What exactly were they charging him to begin with?
What exactly were they charging him to begin with?
Posted on 3/31/20 at 11:07 pm to efrad
quote:
But he's not "hoarding" masks (i.e. keeping them), he's selling them.
Sure he’s doing that but just because he’s taking advantage of the situation doesn’t make it a free market. So he’s selling it for 7x. What if someone a block away is selling it 10x? And someone else in the city is selling it 5x? So you have a commodity with prices of 5x, 7x, 10x. So what is the current value? When the stock market market opens tomorrow and I want to buy Disney stock at 10am, the price should be the same for one trading website or another website. If one site has Disney at $80 and another at $140, is that a true free market?
Just because I can sell a face mask to a random grandma for $200 each(and she’s willing to pay for it), it doesn’t make it a true value.
Posted on 3/31/20 at 11:09 pm to PeteRose
quote:
So he’s selling it for 7x. What if someone a block away is selling it 10x? And someone else in the city is selling it 5x? So you have a commodity with prices of 5x, 7x, 10x. So what is the current value? When the stock market market opens tomorrow and I want to buy Disney stock at 10am, the price should be the same for one trading website or another website. If one site has Disney at $80 and another at $140, is that a true free market?
Just because I can sell a face mask to a random grandma for $200 each(and she’s willing to pay for it), it doesn’t make it a true value.
This here is a man who has never shopped multiple stores for a thing in his life
Posted on 3/31/20 at 11:12 pm to PeteRose
So why does target charge more for the same good than Walmart?
Posted on 3/31/20 at 11:15 pm to PeteRose
(no message)
This post was edited on 1/11/21 at 1:12 am
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