Archived Price-Gouging Laws Will Do More Harm Than Good During the Coronavirus Pandemic (reason.com)
submitted ago by Thisismyvoatusername
Posted by: Thisismyvoatusername
Posting time: 9 months ago on
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Archived on: 6/16/2020 10:00:00 AM
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6 upvotes, 1 downvotes (86% upvoted it)
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Archived Price-Gouging Laws Will Do More Harm Than Good During the Coronavirus Pandemic (reason.com)
submitted ago by Thisismyvoatusername
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[–] JohnGaltApproves 0 points 3 points 3 points (+3|-0) ago
Supply and demand isn’t a suggestion. It’s a fucking law of nature. To deny it is to deny gravity, the laws of thermodynamics, and the laws of spontaneous generation.
By capping prices on high demand goods, those goods will vanish. By allowing those prices to rise with demand, production shifts to supply more of those goods until prices stabilize.
It’s fucking basic.
[–] MiMx 0 points 1 point 1 point (+1|-0) ago
Price controls are coming!
[–] Doh_251 0 points 1 point 1 point (+1|-0) ago
Was making this argument on other sites today where people were accusing ammo dealers of price gouging. I suggested the overtime pay for the manufacturers and drivers was worth the extra money. Not much of a "prepper" if they waited until now to stock up.