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To: LifeComesFirst

“Allow prices to float with supply and demand. Shortages are caused by price ceilings, it’s econ 101.”

yeah but this time the shortage is caused by the weather.


9 posted on 11/09/2012 3:22:56 AM PST by ari-freedom (Election Day should be after Thanksgiving, not right after Halloween)
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To: ari-freedom

Any time a disaster causes a supply disruption, history has shown that shortages are swiftly corrected by the vilified-but-necessary price gougers. The high prices attracts more supply to be brought into the affected region which ends the shortage and brings prices back down. Examples of swiftly-ended shortages following disasters as a result of allowing the price mechanism are abundant in history, as are examples of painful, protracted shortages as a result of the authorities instituting price controls.


15 posted on 11/09/2012 5:04:42 AM PST by LifeComesFirst (http://rw-rebirth.blogspot.com/)
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