re: "Price gouging"

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Higher prices absolutely does discourage consumption, but natural disasters and emergencies cause local markets to become very distorted and buyers irrational. I was stuck in line behind a lady buying 70 cans of soup yesterday morning. If each can was $4 instead of $2, she probably switches to alternatives. But in the case of water, she probably has no issue paying 100% more for whatever quantity she thinks she needs. Just like I don’t give a shite if a dozen eggs are .99 or $6/carton, they are in my cart every Saturday morning

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No system is perfect but, price always needs to be a component because absent price inhibition, everyone will simply buy more than they really need. Price forces decisions.

I mean. You're still gonna run out of shite. It is what it is. But, when price doesn't change, then, you pretty much better be in the front of the line or you are SOL

Look at the down votes.

This site has gone completely big government—well at least big government if Trump runs it.

I believe most here would support a return of FDR’s national recovery act if Trump proposed it. If Trump thought it would help him in battleground states he would consider it too!

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I'll bet you had a different opinion of people selling cases of water for $100 after Katrina

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the people you are speaking of our people who drove way out of the area and carted it back to New Orleans

if they had to sell it for the normal price they wouldn't have gone and got it in the first place.

So you could have afforded it but it wouldn't have been there

how can you be so stupid as to not understand that?

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how can you be so stupid as to not understand that?

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You are the most economically stupid person I have seen in this forum.

I'm pretty sure the stupidity extends beyond economics.

I'm thinking the "Shorty" must be a reference to your IQ.

"Raise the price so no one can afford it." Imbecile.

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These people exist BECAUSE we don't allow what fools call "price gouging"

Basically, the whole point of being able to raise the price when demand goes thru the roof is to prevent buying what more than you really need. In other words, to prevent hoarding.

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That only prevents hoarding from people that can't afford it. People with money will still be able to hoard.

Even if these people were not able to hoard because the price was too high, that would just leave product on the shelves because a lot of people would not be able to afford it at all. Allowing price gouging might prevent hoarding, but it would also prevent many from being able to purchase the items. So, the end result would still be many people unable to get needed items. Price gouging is not the solution.

The only way to prevent it is for stores to limit the amount of product sold per person. Even then, you will have the selfish go back multiple times or bring their family so each member gets the limit. But that is still more equitable than pricing out people because they can't afford to overpay 10x the normal value.

The only real solution is for the decent folk to rise up and kill the greedy.

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This site has gone completely big government—well at least big government if Trump runs it.

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you truly are an idiot

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I tend to agree that in an emergency, you should be able to limit total purchases.

That said, one element missed regarding raising prices is that it tends to greatly reduce buying more than you need.

Even in a ration environment, absent price change, basically everyone buys the max.

Price can discourage such buying. Basically, if I'm there to buy water and I know I only really need 3 cases, but it's still cheap, I'm probably gonna buy 4 or 5. But, if they've spiked a little in price, I probably stick with 3. Or hell, maybe I figure out how to make do with 2.

Bottom line. Price allows MORE PEOPLE to have access to the item because, well...……...a million bucks won't help you if it's out of stock.

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OK, I made the mistake of responding to your other post before reading the entire thread. I have no problem with raising the price a little. I don't consider that price gouging. Raising it to absurd levels is where the argument breaks down.

There are some stupid m.f.'s in this thread

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Man With A Plan

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Is “the plan” to amass 17,000 bottles of hand sanitizer?

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There are some stupid m.f.'s in this thread

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That's the OP and every poster trying to make themselves sound like a discounted Thomas Sowell defending price gouging. There's a even a whole thread created for it but no links just babbling.