Monday, September 09, 2019

Allegedly Gouging

Price Gouging: It may not fare well in the court of public opinion, but increased prices in the face of high demand and low supply is the market's way of conserving a resource.

If a hurricane blows through and I'm the first one to the store, I'm going to buy a dozen cases at $3 each and there will be none left for you.

If the price goes up to $25 a case, I'm going to buy 2 and the will be some available to you when you get there, albeit at a higher price point.

Here's a story about a guy named Chris. Just a regular working guy. He doesn't worry about stocking up on bottled water. Because Chris is smart. Before the hurricane blows through, he fills up containers from his tap water. And he also fills his bath tub full of water. It's not rocket science.

The fact that people are hysterical and idiotic should cost them money.

Every business owner is "price gouging" at all times. That is, they are all charging the highest price they can currently get for their product. All that changes in this scenario is the price that people are willing to pay. You aren't going to buy anything today that hasn't been prices at the highest price the provider thinks they can get the largest amount of people to pay.

Eliminating price gouging means fewer and fewer stores will bother sending employees to make emergency supply runs to stores further away from endangered areas so they can have product to sell.

So more "out of stock" signs.

That must be a good thing.


Libertarians aren't here to placate the ignorant voter.

We're here to speak to the exceptional voters who know the bullshit ignorant voters vote for is... bullshit.

Stop trying to kowtow to children, economic illiterates, moral relativists, and thieves -- all of whom were vaccinated to be that way by 12 years of government's coercion-funded forced- indoctrination penal colonies.

No comments:

Post a Comment