- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just once it would be refreshing for a Republican governor to oppose ‘Price Gouging Laws’
Posted on 2/1/26 at 8:20 am to jimmy the leg
Posted on 2/1/26 at 8:20 am to jimmy the leg
quote:
Again, I asked you about water.
How long can you live without it?
The point is to get more supply of the widgets in the disaster area. This includes water.
Would it be better for a population facing disaster to have more water or less water in the local market?
1
Posted on 2/1/26 at 8:20 am to LSUFanHouston
quote:
In a state of emergency / disaster situation, is one party under duress? Something to think about.
No it’s not
What about travel and lodging prices? I can just get those for a large discount because of my feefees when demand is high?
Posted on 2/1/26 at 8:20 am to kingbob
quote:
Price gauging is good, actually, because the incentive for profit causes suppliers to take risks to alleviate shortages during supply interruptions rather than simply wait out the dangerous situation.
And what risk is a gas station owner taking when he is sitting on 7000 gallons of gasoline and decides to double the price in a natural disaster?
Posted on 2/1/26 at 8:22 am to stuntman
There's no ideal. We are talking about disaster scenarios. People are basically bad. This is why we have a criminal code. Hording exists even without disasters. Even the high prices of secondary bourbon doesn't stop it. Are you really ok with the merchant windfall caused by other's misery?
Posted on 2/1/26 at 8:23 am to jimmy the leg
Already answered the water question above, I think 
Posted on 2/1/26 at 8:24 am to TFH
quote:
And what risk is a gas station owner taking when he is sitting on 7000 gallons of gasoline and decides to double the price in a natural disaster?
The public could remember and not shop with him afterwards, or appreciate the fact that he still had gas to sell.
The market works
Posted on 2/1/26 at 8:24 am to TFH
quote:
And what risk is a gas station owner taking when he is sitting on 7000 gallons of gasoline and decides to double the price in a natural disaster?
A. That he buys the gas for inflated/disaster prices and prices his good too high and takes a big L
B. The market doesn't end with the immediate time post disaster. People in markets remember how vendors treated them and behaved
C. They will still be competing in the post disaster market. It would take a cartel to work
This post was edited on 2/1/26 at 8:26 am
Posted on 2/1/26 at 8:26 am to jimmy the leg
price gouging associated with natural disasters is considered bad
price gouging associated on ability to pay is considered good business practice [medical]
price gouging based on special events is good [hotel rooms]
price gouging based on timing of purchase is good [airline ticket]
definite trend there, seems like controlled gouging good, uncontrolled bad
price gouging associated on ability to pay is considered good business practice [medical]
price gouging based on special events is good [hotel rooms]
price gouging based on timing of purchase is good [airline ticket]
definite trend there, seems like controlled gouging good, uncontrolled bad
Posted on 2/1/26 at 8:28 am to SlowFlowPro
quote:
The point is to get more supply of the widgets in the disaster area. This includes water.
No my recollection.
The supply was there. The business owners knew that FEMA would eventually be supplying it.
As such, they price gouged.
In that moment, the supply was available, but only at grossly over-inflated prices. It was a money grab that took advantage of desperate people.
FWIW, I knew one of the delivery drivers. He said that there were no issues, and no major inflated costs. He said that he got OT the entire time, but that they had their own fuel supply, and that the roads were passable to the affected area.
I get that discretionary items are fair game.
Water is not that.
This post was edited on 2/1/26 at 8:32 am
Posted on 2/1/26 at 8:29 am to weagle1999
quote:
You are forgetting one crucial thing: The impact of a disaster on Lowes’ and Home Depot’s abilities to get inventory into a disaster area.
It costs more to get that inventory to the area due to broken infrastructure (think helicopter drops as an extreme example). There also could be shortages of inventory shortages due to demand so both stores have to pay more to secure items.
Are Lowe’s and Home Depot supposed to just eat those higher costs?
If so, what well run business would operate that way?
They wouldn’t be guilty of violating any price gouging laws if the price increase was relative to actual cost increase incurred by the supplier or retailer.
Posted on 2/1/26 at 8:31 am to stuntman
quote:
Libertarians understand human nature better than most. It's a big reason we're libertarians.
And yet you continue to live in a fantasy land that will never become reality.
Posted on 2/1/26 at 8:33 am to jimmy the leg
quote:
No my recollection.
I doubt you've ever lived in an area without price gouging laws to recollect that scenario.
Posted on 2/1/26 at 8:33 am to weagle1999
quote:
Already answered the water question above, I think
You did not.
He did not.
Posted on 2/1/26 at 8:33 am to RollTide1987
quote:
And yet you continue to live in a fantasy land that will never become reality.
It's happening for the world to see down in Argentina as we speak. It does not happen over night. I wish it would, but government is THE religion in most societies.
Posted on 2/1/26 at 8:35 am to SlowFlowPro
quote:
I doubt you've ever lived in an area without price gouging laws to recollect that scenario.
They existed in the immediate aftermath of Katrina?
Posted on 2/1/26 at 8:35 am to Penrod
quote:Was that the contention?
And you are dead wrong that an unstable condition could occur that can’t be rectified by market forces
To return a river to its natural condition a man made lake must be drained. That can be done in a controlled or uncontrolled manner. Either way the situation is eventually rectified.
Gouging employs the same rationale whether it is monopoly or situationally motivated. Now you may hold that rationale eventually leads to efficient supply production, and you may be correct. The problem is the instability created from disregard of dependent consumers, as well as avoidable damage to them in the interim. All while the supply-side profiteers, in this case from a disaster which has already damaged the same consumer base.
It is a politically untenable situation.
Posted on 2/1/26 at 8:37 am to AlxTgr
People are basically good and bad.
Yes, totally fine w/ merchants making tons. They are supplying things needed when they are needed most. You also seem to assume they all collude or something. If one merchant wanted to undercut the competition, he could do that, but guess who would be the first to run out of supplies?
You should widen your lens. How much MORE misery is there when people can't get gas or hotel rooms? There are second and third order effects you're not considering at all.
Yes, totally fine w/ merchants making tons. They are supplying things needed when they are needed most. You also seem to assume they all collude or something. If one merchant wanted to undercut the competition, he could do that, but guess who would be the first to run out of supplies?
You should widen your lens. How much MORE misery is there when people can't get gas or hotel rooms? There are second and third order effects you're not considering at all.
Posted on 2/1/26 at 8:39 am to stuntman
quote:And see, this is what I think you should do.
You should widen your lens
Posted on 2/1/26 at 8:39 am to jimmy the leg
quote:
They existed in the immediate aftermath of Katrina?
Anecdotally I can tell you they did because my 1L year was 2005 and we discussed this exact scenario specific to Katrina
And I confirmed that by looking it up and the LA price gouging law was enacted in 1993
Posted on 2/1/26 at 8:41 am to NC_Tigah
quote:
It is a politically untenable situation.
You're doing a good job of explaining the leftism and collectivism baked into populism, if you didn't realize.
Page 5 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News