Archived Price-Gouging Laws Will Do More Harm Than Good During the Coronavirus Pandemic (reason.com)
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Archived on: 6/16/2020 10:00:00 AM
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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.